Tim Campbell was named a managing partner and CEO at Baillie Gifford, effective March 31 when Andrew Telfer retires.
Telfer will retire March 31, and Campbell will take on the regulatory role of CEO, subject to regulatory approval, a news release said. Telfer has been with the £224 billion ($285.7 billion) money manager for almost 33 years, including 13 years in his current role as CEO and a managing partner.
Campbell has been with the firm for 25 years and has been a partner for 12 years. He began his career with the money manager in 1999 as an investment trainee. He currently chairs Baillie Gifford’s management committee and group risk committee.
Baillie Gifford, an independent investment firm, has three managing partners: Telfer, Malcolm MacColl and Amy Atack, responsible for policy, people and the partnership, the news release said. All Financial Conduct Authority-regulated firms must have a designated CEO.
“Our independent partnership fosters stability and enables us to prioritize our distinctive culture,” MacColl said in the release. “Tim’s appointment follows a diligent leadership transition process that has been in motion for some time.”
The Edinburgh-based money manager is owned and run by 58 partners, who all work at the firm. It has offices across the globe, including in Edinburgh, London, New York and Shanghai.
