Mitesh Sheth was named CEO of investment consultant Redington, allowing the current co-CEOs to focus on clients, innovation and developing personnel.
Mr. Sheth’s appointment is effective April 5, and he will replace co-founders Robert Gardner and Dawid Konotey-Ahulu. Messrs. Gardner and Konotey-Ahulu have been co-CEOs, client consultants since the firm’s launch in 2006. They remain the majority shareholders of the firm, a news release said. Their new titles could not be learned by press time.
Mr. Sheth is currently director of strategy at Redington. Further details could not be learned by press time, including who will replace him in that role.
“At Redington we are fortunate to have an exceptionally strong next generation of leadership talent,” said Messrs. Gardner and Konotey-Ahulu, in the news release. “Our reputation has been built on providing inventive answers to many complex questions facing the U.K. pensions industry. (Mr. Sheth’s) appointment as CEO ensures we are well-placed to accelerate our efforts in helping our current and future clients meet the challenges posed over the next decade.”
Redington advises on more than £400 billion ($569 billion) of assets.
Spokesmen for Redington could not be reached for comment by press time.
