Simon Pryke joined Findlay Park Partners as managing director, Mr. Pryke confirmed.
Mr. Pryke is taking on the responsibilities of the current chief operating officer, Susan Fitch, who is retiring this year. Mr. Pryke is leading the non-investment side of the business, working closely with the founding partners, he said in an e-mail.
“I'm very excited to be joining a firm fully owned by the partners, focused on delivering investment performance for our existing clients,” Mr. Pryke said.
The firm has two funds, the largest of which is the $10.3 billion Findlay Park American Fund. The fund has not been marketed to new clients since 2000. The second fund is also closed to new investors, but Mr. Pryke added that existing clients continue to add to both strategies.
Mr. Pryke was previously chief investment officer at Newton Investment Management. Following Mr. Pryke's departure, Newton reshaped the leadership of its investment team. Charles French was appointed to the newly created role of head of investment, a spokeswoman said. Mr. French retained his position as leader of Newton's financials and consumer global research teams.
