Crispin Henderson, vice chairman of global asset management at Ameriprise Financial, will retire May 31.
Mr. Henderson became vice chairman in March; prior to that he was CEO of Ameriprise subsidiary Threadneedle Investments, according to a news release on Threadneedle's website. He was replaced at Threadneedle by Campbell Fleming.
Mr. Henderson was COO at Threadneedle when it was acquired by Ameriprise's former parent, American Express, in 2003 and during Amerprise's spinoff in 2005. He became CEO of Threadneedle in 2007.
“I'd like to thank Crispin for his leadership over the past five years and recognize his substantial contribution over more than 10 years at Threadneedle,” Mr. Fleming said in a news release. “During Crispin's time as CEO of Threadneedle, the company grew its client base, assets under management and revenues substantially.”
Threadneedle, Ameriprise's London-based international equity and fixed-income business, had £78.6 billion ($118.8 billion) in assets under management as of March 1, according to Threadneedle's website.
Ryan Lundise spokesman, said the firm would not comment beyond the Threadneedle news release.