UK - Threadneedle has appointed Mark Burgess as chief investment officer ahead of Sarah Arkle's retirement.
Burgess joins Threadneedle from Legal & General Investment Management (LGIM) in the first quarter of 2011 and will work closely with current CIO Arkle as she hands over her role and responsibilities to him. Arkle will retire next year after 30 years in the industry and will become Threadneedle's vice chairman.
At LGIM Burgess was managing director, head of equities.
Threadneedle chief executive Crispin Henderson said: "I am delighted that Mark Burgess has decided to join Threadneedle at what is an exciting time for the company."
Threadneedle chairman Simon Davies added: "Sarah Arkle has done a splendid job in her 10 years as CIO. She has steered our investment team from the early days to build the multi-award winning team of over 140 people that we have today and she has presided over 10 years of stellar investment performance.
"I am also happy to say that we will continue to benefit from Sarah's experience and wisdom, as she has agreed to take on the role of vice chairman, working with us on high level client relationships and business development, and playing an ambassadorial role for the company."
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