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Two Senior Managers Depart New UK Fund Manager Less Than Year After Launch
Mark Shapland
11 December 2014
Two senior executives at , the UK firm named after its high-profile manager Neil Woodford, have resigned less than a year after it was launched "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.
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.
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.