People Moves
Two Senior Managers Depart New UK Fund Manager Less Than Year After Launch
Two senior executives at Woodford Investment Management, the UK firm named after its high-profile manager Neil Woodford, have resigned less than a year after its launch.
Two senior executives at Woodford
Investment Management, the UK firm named after its
high-profile manager Neil Woodford, have resigned less than a
year after it was launched
Both Nick Hamilton - chief operating officer - and chief legal &
compliance officer Gray Smith had been big backers of Neil
Woodford's new project and the firm has not stated why they left.
The firm was adamant that the departures will not affect its
progress.
"Nick and Gray helped us get over the line. We thank them for
their commitment and wish them all the best in the future," said
Craig Newman, chief executive at Woodford Investment
Management.
The departures come as a surprise given that the firm has enjoyed
solid growth, attracting more than £8.5 billion ($13 billion) of
assets under management and advice.
At the end of last month Simon Osborne was hired as head of
compliance and Gavin St John-Heath as chief risk and operations
officer.
