Ashburton’s managing director, Trevor Falle, says the appointment is an important recognition from within the industry.
It is a significant step in the development of our international asset management business and it recognises the skills and dedication of our investment management team,’ he said.
arlier this year Ashburton was awarded two top places in the Standard & Poor’s Fund Awards for 2003 for two of its core funds.
oe Kanarek, chairman of Hansard Development Services Ltd, said: ‘The appointment is consistent with the Hansard proposition of providing clients with access to the very best external managers.
Ashburton has a proven track record of delivering consistent long-term performance within this type of mandate and we look forward to expanding this new relationship.
Hansard’s main operations include companies in the Isle of Man and Dublin.
The group creates and administers a range of tax-efficient life assurance and investment products.
shburton, which was established in the Island over 20 years ago, is the asset management division of FirstRand International Asset Management Ltd.
The firm manages over £1 billion for around 6,000 clients in 60 countries.