Sarasin & Partners has appointed Tom Vernon as Head of its Private Clients team, succeeding Jamie Black, who remains with the firm as a Senior Partner, managing his long-standing client relationships and as a Director of subsidiary, Sarasin Asset Management.
Vernon joined Sarasin & Partners in 2006 after graduating from the University of Bristol. He is responsible for managing portfolios for a wide range of UK and international private clients and charities, including several of the firm’s largest relationships. He is also a member of the firm’s Investment Strategy Group, which oversees Sarasin & Partners’ long-term thematic investment approach.
As Head of the Private Client team, which currently manages £4.9bn on behalf of over 850 clients, Vernon will focus on maintaining and enhancing the firm’s high standards of client service and investment expertise.
This transition marks a natural evolution for the team. Jamie Black, who has led the Private Client team for over twenty years, will continue to manage his clients and remain a key contributor to the wider partnership. He also continues as CEO of Sarasin Asset Management, the firm’s subsidiary, which manages investment portfolios for US clients.
Guy Matthews, Managing Partner at Sarasin & Partners, says: “Tom’s appointment reflects the depth of talent and expertise within our Private Client team. Since joining nearly two decades ago, he has played a key role in developing our client relationships and shaping our long-term investment thinking. His leadership will ensure the team continues to thrive, maintaining the high standards of service our clients expect.
“Jamie’s steady leadership and deep commitment to our clients has been instrumental in the team’s growth and success. He will continue to play a vital role in the business, both as a partner and in his ongoing leadership of our service for US clients.”
Tom Vernon adds: “We have long prided ourselves on building enduring relationships with our clients, rooted in trust, transparency and investment insight. I look forward to the opportunity to lead the team in continuing this work and delivering the outcomes our clients value most.”
Jamie Black comments: “It has been a privilege to lead the Private Client team for so many years and to work with such a committed group of colleagues and valued clients. Tom is a natural leader and I fully support him in his new and richly deserved role, while continuing to focus on my work with clients and the continued growth of our business.”