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Former F&C director Peter Lees joins broker

Peter Lees has joined Stifel Nicolaus Europe as managing director.

Former F&C director Peter Lees joins broker

Former BMO Global Asset Management head of UK equities Peter Lees (pictured) has joined Stifel Nicolaus Europe as managing director.

Lees exited BMO, formerly known as F&C, in February 2015 after nine years.

He has joined Stifel’s corporate broking team, with a focus on growth businesses.

Prior to his departure, he managed the F&C UK Alpha fund, which saw three years of underperformance under his tenure.

At the time of his exit, over three years the fund returned 21.2% versus 48.2% by the average manager in the UK all companies sector. Michael Ulrich, who took over the fund with co-manager Tom Wilson, also left F&C two months after Lees.

He was also the co-manager on the F&C Global Thematic Opportunities fund. Prior to F&C, he was head of equities at Deutsche Asset Management.

In 2014, Stifel acquired London-based Oriel Securities and consolidated its London-based businesses under Stifel Nicolaus Europe as part of its expansion strategy in Europe.

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