New Star hires three fund managers

• Charles Deptford joins New Star as a UK equity fund manager from Baring Asset Management
• Trevor Green joins New Star as a UK equity fund manager from RCM (UK)
• David Cornell has joined New Star as an emerging markets fund manager from BDT Investment Management

New Star is delighted to announce the appointment of two UK equity fund managers, Charles Deptford and Trevor Green, who will be joining New Star at the end of June 2008. Charles joins New Star from Baring Asset Management, where he recently managed the Baring Equity Income Fund and the Baring UK Growth Fund. Trevor joins New Star from RCM (UK), where he was manager of the RCM UK Growth Fund, the RCM UK High Alpha Fund and the RCM UK Mid-Cap Fund.

These appointments follow John Duffield's commitment to strengthen New Star's UK equity team. Charles and Trevor will work closely with Stephen Whittaker, manager of the New Star UK Growth Fund and New Star Equity Income Unit Trust, and Toby Thompson, manager of the New Star Higher Income Fund.

In addition to Charles and Trevor's appointments, New Star is delighted to announce that David Cornell recently joined New Star's eight-strong emerging markets team. David, who has more than 12 years' experience of emerging markets management, joined New Star on 1 April 2008 from BDT Investment Management and reports to Ian Beattie, joint head of emerging markets at New Star. Initially, David will be taking the lead on Central and Eastern Europe and will lend his considerable experience of broader emerging markets to the team.

John Duffield, chairman of New Star Asset Management, says:

"I have made no secret that changes would be made to strengthen New Star's UK equity desk and I am delighted to announce the appointment of Charles Deptford and Trevor Green. I am in no doubt that their considerable experience and strong track records will benefit the UK team and our investors.
 
"I am equally delighted to welcome David Cornell to New Star. David's appointment adds considerable resource to our emerging markets team and he will play an integral role alongside Ian Beattie and Brian Coffey in the continued expansion of New Star's emerging markets business."

Charles Deptford biography:

• 2004 to March 2008 – Baring Asset Management; head of UK retail equity funds.
• 2003 to 2004 – Insight; manager of pension funds and unit trusts, including UK equity income.
• 1994 to 2003 – Rothschild; manager of pension funds and unit trusts, including UK equity income.
• 1987 to 1994 – Eagle Star; manager of pension funds and unit trusts, including UK equity income.

Trevor Green biography:

• 2002 to April 2008 – RCM (UK) Ltd; director of UK and European equities and manager of the RCM UK Growth Fund, the RCM UK High Alpha Fund and the RCM UK Mid-Cap Fund.
• 1997 to 2001 – Credit Suisse Asset Management; director and manager of the Credit Suisse Growth Fund.
• 1990 to 1997 – Capel Cure Myers; co-manager of the Capel Cure Myers UK Smaller Companies Unit Trust.

David Cornell biography:

• 2004 to March 2008 – BDT Investment Management Limited; Emerging Markets specialist. Launched BDT’s Emerging Markets Focus Fund.
• 2000 to 2004 – Salomon Smith Barney, London; Director and previously head of Latin America Desk.
• 1995 to 1999 – Robert Fleming, London; Latin America, Europe and Asian sales specialist.

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