UBS Asset Management global equities head Nick Irish has left the firm, Citywire Switzerland's sister site Wealth Manager can reveal.
Following A-rated Irish’s departure to ‘pursue other opportunities’ his responsibilities have been taken on by A-rated Charles Burbeck, who was previously head of global equity portfolios.
These include overseeing the firm’s range of long, core/value and long/short equity strategies, which the pair had been co-managing for the past three years.
It is understood that although UBS is looking to replace Irish, it is not a pressing matter, and the firm is happy for Burbeck to have sole authority over its global equities offering during the interim.
‘We thank Nick for his service to the firm over the past eight years and wish him all the best for the future,’ said a UBS statement.
Irish’s decision to leave represents the third time that the Burbeck-Irish partnership has been severed, with the equities duo having previously worked together at Schroders and HSBC Asset Management.
However, the UBS role was the first time in their careers that they co-habited a role, with Irish having worked under Burbeck during their previous collaborations.
In the UBS Global Equity Long Short fund, Burbeck and Irish delivered a 5.3% net of fees return in the three years to June 2016.