London-based asset management group Sarasin & Partners has appointed Tom Vernon as head of its private clients business.
Vernon succeeded Jamie Black, who remains with the firm as senior partner and director of subsidiary Sarasin Asset Management.
Vernon, who joined Sarasin in 2006, manages portfolios for UK and international private clients and charities, and is a part of the firm’s Investment Strategy Group, overseeing Sarasin & Partners’ long-term thematic investment approach.
He will lead a team serving over 850 clients, with a focus on maintaining client service and investment standards.
Fund selectors turn to private markets in 2025, research shows
Black, who led the team for more than 20 years, will continue managing client relationships and act as the CEO of Sarasin Asset Management, which serves US clients.
Guy Matthews, managing partner at Sarasin & Partners, commented: “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 have 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.”
Vernon added: “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 commented: “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.”
