Denham will take up the role in October this year and be London based. He joins from Aviva Investors where he held various roles over 13 years, most recently as its European equities chief.
Prior to that he had European equities fund manager positions at Insight Investment and National Mutual Life.
He will take the reins of the Carmignac Grande Europe and Carmignac Euro-Patrimoine funds, which had €418 million under management between them as of 31 May.
Carmignac said Denham’s approach will combine fundamental and qualitative analysis, with an overall wealth planning focus. The French firm said it considers low portfolio turnover and good control of volatility to be hallmarks of Denham’s investment style.
Founder and chairman of Carmignac Edouard Carmignac said: “Our aim is to achieve robust, steady performance, based on a culture of long-term investing. This is at the essence of our Patrimoine investment approach. Mark understands this focus and his experience, track record and investment style make him the ideal leader to drive that ambition forward.”
“I’m delighted to be joining Carmignac,"added Denham. "Their culture and management style fit perfectly with my view of the sector."
Aviva Investors said it would like to thank Mark for his contribution since joining the company.
Frédéric Tassin, head of European equities, will now have sole responsibility for Aviva’s European teams in Paris and London.
Ed Kevis will take over responsibility for the European portfolios in London. He currently manages the Aviva Investors European Equity Income Fund and has been co-manager of the other London managed funds.