Colin Hodges was promoted to CEO of U.K. hedge fund manager Frontier Capital Management, he confirmed in a telephone interview. He had been COO.
Frontier founder Michael Azlen, who had been CEO, becomes executive chairman.
Also, Marc Davies, portfolio manager, was promoted to head of investments. Mr. Davies succeeds David Cienfuegos, who returned to his home country of Spain to work for institutional money manager RentaMarkets.
Mr. Hodges said the changes are a “minor repositioning of roles within the company.”
“I think it's a natural evolution for the organization,” he said.