Top UK equities manager Leigh Harrison is retiring from fund management and will leave Columbia Threadneedle Investments at the end of next month.
Harrison’s career has spanned 32 years with the past decade spent at Columbia Threadneedle.
Harrison, who is currently head of UK equities at Columbia Threadneedle, will pass the baton to Richard Colwell, who joined the firm in 2010.
Colwell has worked closely with Harrison in building the UK equity income franchise and became lead manager of the £3.2bn UK Equity Income fund in September last year.
William Davies, currently head of global equities, will take on the new role of head of equities, EMEA, and will oversee the UK and European equity teams as well as the EMEA-based US, Asia, emerging market and global equity teams.
Iain Richards, head of governance and responsible investment for EMEA, will report to Mark Burgess, chief investment officer for EMEA at Columbia Threadneedle, following Harrison’s departure.
Burgess says: “On behalf of Columbia Threadneedle I would like to recognise Leigh’s truly outstanding investment career. For more than 30 years he has been managing other people’s money with consummate skill, care and professionalism, and has been an example to many colleagues throughout his career.
“He has built a market-leading UK equities team with a proven, repeatable investment process and approach.”
Harrison says: “I feel the time is now right for me move on and do some of the things I’ve wanted to do for a long time. I leave the team in great shape and I am confident they will continue to deliver excellent performance for clients. I wish Richard and all my colleagues all the best for the future.”