UK - Baring Asset Management has taken another blow with the loss of two of it directors.
Head of business development and client services for Continental Europe, Mark Leader, and Mary-Ann Daly, a director for private clients, have both quit the team.
The news follows the Glasgow-based BAM’s slump in first half profits to £8.8m, down £1.9m on the same period last year.
Leader is set to join hedge fund provider Sloane Robinson in December as director of global marketing, sales and client services. Daly leaves the firm in November. A spokeswoman said her plans are not known, but that BAM will seek a replacement.
She added that Leader will not be replaced. Instead his duties will be assumed by Ekkehardt von Knebel Doeberwitz who is based in Frankfurt.
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