19 Jan 2017 07:00
19 January 2017
Polar Capital Holdings plc
Appointment of new CEO
Polar Capital Holdings plc ("Polar Capital" or the "Group"), the investment management boutique, today announces the prospective appointment of Gavin Rochussen to the Board to succeed Tim Woolley as Chief Executive. Gavin will take up his new position in July 2017. Contemporaneous with Gavin commencing his new role Tim will stand down as Chief Executive and will move to a non-executive position.
From 2008 to 2016 Gavin was group CEO of J O Hambro Capital Management ("JOHCM") the active equity investment boutique acquired by Australian listed fund management group BT Investment Management Limited. Whilst CEO of JOHCM Gavin led the business as it grew from £1.5bn of equity assets under management to £23.9bn at 30 September 2016. Prior to his time at JOHCM Gavin was, from 2003 to 2008, CEO of Fleming Family Partners.
Tom Bartlam, Chairman of Polar Capital commented "We are delighted to have attracted someone of Gavin's experience to take over from Tim as CEO of the Group. Gavin has a proven track record of successfully managing a boutique equity investment house and we are all excited at the opportunities in front of us as Gavin takes over the reins at Polar Capital. We all owe Tim a great debt of gratitude for leading the firm, which he founded with Brian Ashford-Russell and Caledonia Investments plc, so well over the past seven years and having grown assets under management from £1.2bn when he returned, as CEO in November 2009 to £8.4bn at 31 December 2016. We are also pleased that that Tim will continue to serve on the Board and that the Group will continue to benefit from his expertise."
Enquiries:
Polar Capital Holdings PLC Tom Bartlam (Chairman) Tim Woolley (CEO)John Mansell (COO) | +44 (0)20 7227 2700 |
Canaccord Genuity - Nomad and Joint Broker Simon Bridges (QE) Andrew Buchanan Kit Stephenson | +44 (0)20 7523 8000
|
Peel Hunt - Joint Broker Guy Wiehahn
| +44 (0)20 7418 8893 |
Camarco - PR Advisers Ed Gascoigne-Pees | +44 (0)20 3757 4984 |
A full list of Gavin Rochussen's current directorships and past directorships held within the last five years are listed below.
Current Directorships (as at 17 January 2017)
Position | Company |
Executive Director - International | J O Hambro Capital Management Holdings Limited |
Director | BTIM UK Limited |
Director | JOHCM (Singapore) Pte |
President and Director | JOHCM (USA) Inc. |
Partner representative | James Hambro & Partners LLP |
Governor and Director | Tonbridge School |
Advisor | The Gani (IOM) Trust and Amigona Holdings Inc. |
Past Directorships (in the last five years)
Position | Company |
Chief Executive | J O Hambro Capital Management Limited |
Gavin Rochussen does not currently hold any shares in the capital of the Company.
Save as disclosed above, there are no further disclosures required to be made in respect of the appointment under Schedule 2(g) or Rule 17 of the AIM Rules for Companies.
Polar Capital (POLR)