UK - David Brennan has been named as Baring Asset Management's (BAM) new chairman and chief executive, replacing incumbent John Bolsover, who is retiring in June.
Brennan - a Baring’s veteran, having spent 14 years at the firm - is currently chief executive of its Investment Management Group. He has spent the last five years at BAM in this position, and was last year made deputy chairman. He will be replaced by former Schroders man Peter Wolton.
Prior to joining BAM, Wolton was Schroders’ head of retail between 1998 and 2001. After eighteen years, he left Schroders to complete the advanced management program at the Harvard Business School.
Speaking about his impending retirement and Brennan’s promotion, Bolsover said: “It has always been my intention to retire at 55 and I will reach that age in June. I have worked closely with David for many years and am confident that the transition to the new management team will be a seamless one. I am confident that I leave the company in good shape and well positioned for the future.”
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