About Fundsmith

Fundsmith is focused on delivering superior investment performance at a reasonable cost. It was established to be different from its peers so as to achieve a different result in line with Sir John Templeton’s axiom that “If you want to have a better performance than the crowd, you must do things differently from the crowd.” The rigorous research process of Fundsmith is central to what we do. We apply exacting standards to potential investments to produce a portfolio of resilient businesses with excellent performance. Minimising the costs we incur on behalf of our customers in implementing our strategy also sits at the heart of our philosophy.

Fundsmith was established in 2010 by Terry Smith. The business is owned and controlled by its partners, who have worked closely together over many years, and is headquartered in London with an office in Connecticut, USA. It is structured to survive Terry Smith’s demise and continue with the same investment philosophy. All partners of the firm have a significant co-investment in our Funds delivering a clear alignment of interest. Ancillary activities are outsourced to some of the world's leading providers in order to deliver high-quality operations whilst allowing the Fundsmith team to focus on investment analysis, portfolio management and customer care. As at 31st December 2019 we managed £26bn on behalf of some of the world’s largest and most sophisticated wealth managers and private banks as well as for prominent families, charities, endowments and individuals invested in our fund range; Fundsmith Equity Fund (UK OEIC), Fundsmith Equity Fund (SICAV), Fundsmith Equity Fund L.P. (Delaware L.P.), Fundsmith Sustainable Equity Fund (UK OEIC), Fundsmith Sustainable Equity Fund L.P., the Fundsmith Emerging Equities Trust plc (London Stock Exchange listed investment trust), Smithson Investment Trust plc (London Stock Exchange listed investment trust).

Fundsmith Managing Partners

Terry Smith – Chief Executive & CIO

Terry Smith graduated in History from University College Cardiff in 1974. He worked for Barclays Bank from 1974-83 and became an Associate of the Chartered Institute of Bankers in 1976. He obtained an MBA at The Management College, Henley in 1979. He became a stockbroker with W Greenwell & Co in 1984 and was the top-rated bank analyst in London from 1984-89. In 1990 he became head of UK Company Research at UBS Phillips & Drew, a position from which he was dismissed in 1992 following the publication of his best selling book Accounting for Growth. He joined Collins Stewart shortly after, and became a director in 1996. In 2000 he became Chief Executive and led the management buy-out of Collins Stewart, which was floated on the London Stock Exchange five months later. In 2003 Collins Stewart acquired Tullett Liberty and followed this in 2004 with the acquisition of Prebon Group, creating the world's second largest inter-dealer broker. Collins Stewart and Tullett Prebon were demerged in 2006 with Terry remaining CEO of Tullett Prebon until September 2014. In 2010 he founded Fundsmith where he is CEO and CIO. In 2012 he was appointed a Member of the New Zealand Order of Merit for services to New Zealand-UK relations following the success of his campaign to commemorate the New Zealander, Air Marshal Sir Keith Park.

Mark Laurence – COO

Mark Laurence began his career as a transport sector investment analyst with stockbrokers Kitcat and Aitken, before moving to WI Carr and then Smith New Court plc. In 1997, he joined Collins Stewart plc and helped develop the group leading up to its MBO and IPO in 2000. Since 2001, Mark has pursued a career in fund management helping to found Fundsmith in 2010. Mark is also a Non-Executive Director of Dart Group PLC and a governor of Bryanston School in Dorset.

Simon Godwin – CFO

Simon Godwin is an experienced Chief Financial Officer, having experience in both the financial services and property sectors. Simon qualified as a Chartered Accountant with Deloitte Haskins & Sells. Whilst there, he focused on financial services companies, including banks and leasing companies. Having qualified, he moved to the Corporate Finance division of Schroders in 1992. During his time there, he completed a large number of acquisitions, disposals and capital raisings, both equity and debt, across a number of sectors. In 2004, he joined BNP Paribas where he lead the UK private equity advisory practice. On leaving banking in 2007, Simon became CFO of Real Office Group plc, an AIM listed company focused on interior fit outs which was bid for in 2008. Simon moved to Legacy Portfolio, which has structured a product to transfer the risk from, and minimise the cost of, surplus leases for corporates.

Julian Robins – Head of Research

Julian Robins started his career with the stockbroking firm EB Savory Milln in 1984. From 1987 until 1999, he worked for BZW and after their takeover of BZW’s equity business in 1998, CSFB. Between 1988 and 1993 he was BZW’s senior bank analyst in London, from 1993 until 1999, he worked as an institutional salesman in New York. In 1999 he was one of the founders of Collins Stewart’s New York office. He has a 1st class degree in Modern History from Christ Church, Oxford.

Sales & Marketing Contacts

Greville Ward – Partner, Head of HNW & International

Greville Ward has worked for 25 years in European Equity sales, first in London for Laurie Milbank and then Savory Milln (with Julian Robins) before moving to New York in 1988 to work for BZW. In 1992 he joined Robert Fleming as Head of European and Eastern European Sales where he worked for 5 years. He subsequently joined Bankers Trust until their takeover by Deutsche Bank in 1999 following which he started the US operations of Collins Stewart with Julian Robins working again with Terry Smith. Since leaving Collins Stewart in 2007 and before joining Fundsmith, Greville worked for a London based Intelligence company.

High Net Worth and International enquiries should be directed to Greville on 020 3551 6340 or email him at [email protected].

Conrad Rey – Partner, Sales Director

Conrad formerly worked as an Investment Director at Standard Life Investments (London) where he was responsible for selling to Multi-Managers, Private Banks and Family Offices. Prior to this he worked for both Gartmore Fund Managers (Regional Sales Manager - London & South-East) and Prudential-Bache Securities (Regional Sales Co-Coordinator - Europe & Middle East). Conrad is the holder of the Investment Management Certificate (IMC) and General Securities Representative Exam (NYSE Series 7). He graduated from The University of Leeds (BA Hons Politics) and The London School Of Economics & Political Science (MSc. Soviet & Post Soviet Studies).

Intermediary enquiries should be directed to Conrad Rey on 07712 485 286 or email him at [email protected].

Peter Jackson – Sales Director, UK, Ireland and Middle East

Peter joined Fundsmith from Franklin Templeton Investments where he was Regional Sales Manager responsible for retail sales and strategic partners. Prior to Franklin Templeton Peter was Business Development Director for Aegon Asset Management. He began his career in the life assurance industry in 1990 working for Britannia, Scottish Equitable, National Mutual and Legal & General before spending 8 years at Axa Wealth where he latterly became a Corporate Investment Consultant. Peter holds a Certificate in Financial Planning from the Chartered Insurance Institute and is an Associate member of the Institute of Securities and Investments (ASCI).

Intermediary enquiries should be directed to Peter on 07787 156 926 or email him at [email protected].

Hugo Cardale – Asia, Scandinavia & Family Offices

Hugo graduated from Newcastle University in 2011 with a 2.1 BA (Hons) in Economics and holds the Investment Management Certificate from the CFA Society of the UK. Whilst at university he set up an ice cream van business, Mr Whippies Whippilicious Whips, to finance his studies by selling ice creams over the summer months.

Asia, Scandinavia & Family Office enquiries should be directed to Hugo on 020 3551 6338 or email him at [email protected].

Philipp von Habsburg – Switzerland, Germany & Austria

Philipp has an MSc in Economics from the London School of Economics, a BSc (Liberal Arts, Honours) in International Relations from American University, Washington DC, and a Business Diploma from Kaderschule Business School in Zurich, Switzerland. Philipp began his career with Swiss Bank Corporation where he spent 7 years before joining Carnegie International Ltd. as a senior corporate finance executive focused on Spain & Italy. He then joined the multi family office of Rupert Lowenstein, now Holbein Partners. Philipp subsequently spent 15 years as CEO of EIM (United Kingdom) Ltd., a specialist fund of funds group managing bespoke hedge fund portfolios for institutional investors. He went on to set-up Trinity Capital Partners, a London based investment advisory firm, before joining MAB partners in 2014. Philipp is co-founder of 3PM, The European Association of Third Party Fund Marketers and a Senior Adviser to Sandaire, formerly Lord North Street, a major multi-family office.

Swiss, German or Austrian enquiries should be directed to Philipp on 020 3621 0625 or email him at [email protected].

Scott Chivers – Sales Director (IFA)

Scott joined Fundsmith from Franklin Templeton, where he held the role of Business Development Manager responsible for IFA and Wealth Manager relationships in the South of England. Prior to Franklin Templeton, he was part of the sales team at M&G Investments covering the IFA market. Scott holds the Investment Management Certificate (IMC) and CII Diploma in Financial Planning. He graduated from the University of Essex with a BSc in Financial Management.

UK Intermediary and IFA enquiries should be directed to Scott Chivers on 07384 466 130 or email him at [email protected].

Contact Us

Head Office

Fundsmith LLP
33 Cavendish Square
London
W1G 0PW

0330 123 1815

If dealing from abroad please use;

+44 1268 448659

Correspondence Address

Fundsmith LLP
PO Box 10846
Chelmsford
CM99 2BW

Media Enquiries

Charlotte Balbirnie

07989 528421

Other Enquiries

[email protected]

An English language prospectus for the Fundsmith Equity Fund is available on request and via the Fundsmith website and investors should consult this document before purchasing shares in the fund. Past performance is not necessarily a guide to future performance. The value of investments and the income from them may fall as well as rise and be affected by changes in exchange rates, and you may not get back the amount of your original investment. Fundsmith LLP does not offer investment advice or make any recommendations regarding the suitability of its product. This financial promotion is intended for UK residents only and is communicated by Fundsmith LLP which is authorised and regulated by the Financial Conduct Authority.