Progeny Asset Management (PAM) has appointed Mark Lane to the new role of Head of Active Funds.
A highly experienced fund manager, Mark was previously Investment Director at abrdn, where he was Co-PM of the MyFolio Sustainable range and the Dynamic Distribution fund.
Mark also chaired the SAA Committee for the Multi Manager & Solutions Team with responsibility for overseeing the strategic asset allocation (SAA) process.
The new role of Head of Active Funds was created as part of PAM’s recent restructure, to build specialist teams for each of its investment strategies, underpinning its continued evolution as a scalable fund manager. It currently has funds under management of approaching £4bn.
Mark Lane comments:
“Progeny and the new Head of Active Funds role felt like a natural fit for me, given the firm’s exciting growth trajectory.
I am looking forward to using my experience to help develop PAM’s active fund range and working with the team to further strengthen the fund management proposition.”
Chief Investment Officer at Progeny, Ian Hooper, adds:
“We’re delighted to welcome Mark to the team and his considered and robust approach fits perfectly with the consistent performance and smoother investment journey that we look to create for clients across our fund ranges.
PAM is entering an exciting new phase of growth and capability as a fund manager and Mark’s appointment is an important step towards evolving our operating model and skill sets, including an increasing focus on global market exposure for our expanding international client base.”
