Garland’s newly-created role was introduced in reaction to increased “client demand across global adviser markets and a range of investment solutions”, Investec said.
The shift has had a ripple effect within the company, leading to a series of internal personnel shifts.
Garland’s former responsibilities as managing director of Investec’s Americas client group are to be split – he will continue to run the firm’s Latin American client group, while Bradley George will assume control of the North American portion on 1 April.
George will leave the running of his former berth as head of commodities and resources investment team to Tom Nelson, co- portfolio manager of Investec’s global energy strategies, effective 5 April.
In addition to his new duties Nelson will retain his current responsibilities, as well as joining George Chevely at the helm of the Enhanced Natural Resources, while both will assume charge of the Global Commodities & Resources Fund.
The changes have also had wider implications, with the Global Gold and Enhanced Natural Resources vehicles subsequently being removed from the Adviser Centre’s recommendations list.
The Investec Global Gold Fund will receive new management, with Chevely announced as co-manager alongside Hanré Rossouw. The running of the firm’s Global Energy Fund will remain unchanged.
All of the changes related to fund management will come into effect on 1 April.
