Rathbones, a UK provider of investment management and wealth management services for private clients, has named Elizabeth Savage and Edward Smith as co-chief investment officers, as Julian Chillingworth announces his retirement.
Rathbones, one of the UK’s leading providers of investment management services for individuals, charities and professional advisers, has appointed Elizabeth Savage and Edward Smith as co-chief investment officers of Rathbone Investment Management, as Julian Chillingworth (pictured) announces his decision to retire.
Following a 20-year career at Rathbones, most recently as chief investment officer across the business, and with more than 40 years in the investment industry, Julian has decided to retire, planning to leave Rathbones in early 2022.
Under Julian’s stewardship, Rathbones has built a robust investment process with a deep research capability. With the business having grown significantly in recent years, his responsibilities have now been divided, with dedicated investment leadership roles for Rathbone Investment Management and Rathbone Unit Trust Management.
With immediate effect, Elizabeth and Edward, currently head of research and head of asset allocation research respectively, will lead the newly created ‘CIO office,’ reporting to Rathbone Investment Management managing director, Ivo Darnley. A chief investment officer for Rathbone Unit Trust Management will be announced in due course. Over the coming months, Julian will work closely with all investment teams to ensure a smooth and successful transition.
Paul Stockton, chief executive, Rathbones comments:
“There will be many chances to thank Julian over the coming months, but I would like to take this early opportunity to recognise his significant contribution to Rathbones over the past 20 years. During that time, global markets have changed almost beyond recognition, and Julian has played an enormous part in steering us through both calm and turbulent waters. Our warmest wishes go to him for a long and happy retirement.
“A robust and dynamic investment process is critical to Rathbones being able to deliver strong investment returns into the future, and we are very fortunate to have the individuals who have played a crucial role in the development of our in-house research and strategic asset allocation skills, with the capability to step-up and lead us into the future. Liz and Ed will assume lead responsibilities for the day-to-day management of particular areas but will be jointly responsible for the investment process and its delivery. Following a full external recruitment process, I would like to congratulate both of them, knowing they will work seamlessly to lead a CIO office that represents a modern solution for our business, and establishes a strong platform for the future investment performance for our clients.”