McCay to leave Martin Currie to set up investment firm

Jason McCay, head of Asian equities at Edinburgh fund manager Martin Currie, is leaving to set up an investment company.

McCay has run the firm’s Asia Pacific fund since its UK launch in 1998 and has overseen the development of the Luxembourg-based version, the Martin Currie GF Asia Pacific fund, which was launched in 2007.

He will stay with Martin Currie until the summer when he intends to take an extended ­career break. He will be replaced by Andrew Graham, who is co-manager with McCay on the firm’s two Asian strategies. Investment director, Paul Danes, is appointed as co-manager.

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Graham has 25 years’ investment experience and joined Martin Currie in 2010. Danes has spent 19 years in the industry and has been with Martin Currie for more than six years. They are supported by a team of four dedicated Asia analysts and 14 global sector specialists.
 Graham joined Martin Currie from Sofaer Global Research where he was a partner and managed the company’s Japan hedge fund and co-managed its Pacific-region hedge fund.

Before that, he spent five years as senior vice-president at Putnam Investments, where he co-managed its International Capital Opportunities Fund, focusing particularly on the Asia-Pacific region. Prior to this, he worked with organisations including Scottish Widows Investment Partnership, Kemper Investment Management, Alliance Trust and Textile Pensions Trust.

Andy Sowerby, managing director at Martin Currie, said: “We have built a deeply resourced team in Asian equities over the past few years. Since his arrival in 2010 Andrew Graham has proven himself as a talented investor and a great leader and we have every confidence in him to take our team and investment process forward.”