Baillie Gifford has appointed three new partners: Malcolm MacColl, Bill Pacula and David Salter.
The three will start their new role on May 1, taking the total number of partners at Baillie Gifford, which is wholly owned and managed by its partners, to 37.
Malcolm MacColl is a senior portfolio manager and one of the three decision-makers within the global alpha equity team. Based in New York, Bill Pacula has business development responsibility in America and Canada and is the first person to become an international partner.
David Salter, a client director in the institutional clients department, is the third partner to be appointed.
Andrew Telfer will become joint senior partner on May 1, 2012, with responsibility for the management of Baillie Gifford. He will succeed Alex Callander, who retires on April 30 2012 after 30 years at the firm. Additionally, Edward Hocknell, Nigel Morecroft and Leslie Robb will retire as partners on the same date.