Progeny Asset Management Appoints Mark Lane as Head of Active Funds
3 SEPT, 2024
By Jose Luis Palmer from RankiaPro Europe
Progeny Asset Management (PAM) has named Mark Lane as its new Head of Active Funds, marking a strategic move in the firm’s ongoing expansion. Lane joins the firm following a decade at abrdn, where he played a pivotal role in managing sustainable and dynamic distribution funds.
Mark Lane's Appointment and New Role
Mark Lane brings extensive experience to his new position at PAM, having previously served as Investment Director at abrdn, where he co-managed the MyFolio Sustainable range and the Dynamic Distribution fund. In addition, he chaired the Strategic Asset Allocation (SAA) Committee for the multi-manager and solutions team. His appointment follows a recent restructure at PAM aimed at building specialised teams for each investment strategy, aligning with the firm’s ambition to scale its operations.
Progeny and the new Head of Active Funds role felt like a natural fit for me, given the firm’s exciting growth trajectory. I look forward to leveraging my experience to further develop PAM’s active fund range and strengthen the fund management proposition.
Mark Lane, Head of Active Funds at Progeny AM
PAM's Growth Strategy and Leadership Vision
The appointment of Lane is part of PAM's broader strategy to evolve its operating model and expand its capabilities in global markets, particularly for its growing international client base. Ian Hooper, Chief Investment Officer at PAM, highlighted the importance of Lane’s role in supporting the firm’s growth.
We’re delighted to welcome Mark to the team and his considered and robust approach fits perfectly with the consistent performance and smoother investment journey that we look to create for clients across our fund ranges.
PAM is entering an exciting new phase of growth and capability as a fund manager and Mark’s appointment is an important step towards evolving our operating model and skill sets, including an increasing focus on global market exposure for our expanding international client base.
Ian Hooper, Chief Investment Officer at PAM
With nearly £4bn in funds under management, Progeny is entering a new phase of development. Hooper emphasised that Lane’s addition is a key step in expanding the firm’s skill sets and enhancing its market exposure.
