Global equities manager Douglas Brodie has made partner at Baillie Gifford.
Brodie runs the Edinburgh Worldwide investment trust that invests in relatively early stage entrepreneurial companies. It has £251m in assets and a market cap of £195m.
He also runs the £160m Baillie Gifford Global Discovery fund which seeks capital growth.
Joint senior partner Andrew Telfer says the promotion, effective from 1 May, reflects Brodie’s proven ability to deliver strong returns since his arrival in 2001.
The Global Discovery fund returned 90.3 per cent in the three years to 15 January, according to FE Analytics. The IA Global sector made just 36.9 per cent.
Trading head Robert Blaikie is retiring from the partnership on 30 April, ending 34 years with the firm.
Telfer adds: “We thank Robert for his remarkable contribution over more than three decades with the firm, and have confidence in the strength and depth of our trading team, many of whom have spent their whole careers working with him.”
Baillie Gifford has 40 partners.