(Alliance News) - Liontrust Asset Management PLC on Wednesday posted an increase in net inflows in the final quarter of its financial and appointed a new non-executive director.
The London-based asset manager reported net inflows of GBP1.0 billion in the three months to March 31. This takes net inflows for its full financial year to GBP3.5 billion and assets under management and advice to GBP30.9 billion, up 5% from the previous quarter and up 92% from GBP16.1 billion as at March 31, 2020, respectively.
Assets under management and advice have risen further so far in April, to GBP32.5 billion as at April 16.
"Our robust investment and working processes have enabled Liontrust to deliver strong long-term performance, first-class service and reliable administration. Also pivotal to our continued growth has been the power of the Liontrust brand. This was demonstrated by Liontrust being ranked as the 8th best asset management brand in the UK by Broadridge's annual survey in March 2021," said Chief Executive John Ions.
Additionally, Liontrust has appointed Quintin Price as non-executive director with effect from July 1, succeeding Mike Bishop who will retire after the company's annual general meeting.
Price is currently a senior adviser at Actis LLP, a private equity, real estate and energy & infrastructure company. He is also a non-executive director of New York-based fund manager Aperture Investors LLC and also of London-listed F&C Investment Trust PLC.
Shares in Liontrust were down 1.3% at 1,562.00 pence in London on Wednesday.
By Zoe Wickens; zoewickens@alliancenews.com
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