Threadneedle Investments has appointed Campbell Fleming as its new chief executive officer.
Fleming replaces Crispin Henderson who will become vice chairman of global asset management for Threadneedle’s parent company Ameriprise Financial.
Fleming joined Threadneedle as head of distribution in 2009 from JPMorgan Asset Management.
Fleming will take on the role following the completion of a transition period. Both Fleming and Henderson will report to Ameriprise Global Asset Management CEO Ted Truscott.
Henderson joined Threadneedle in 2002 as chief operating officer, where he was leading the finance, operations, administration and IT functions. He became managing director in 2006 and was then appointed chief executive in 2007 with responsibility for overall management of the company.
Truscott says: “Over the past year, Crispin has had discussions about opportunities to transition to a role that offered broader input across our global asset management businesses. This new role is ideally suited for him — Crispin has a deep understanding of operations and will partner across our technology and operations functions to create a strategic blueprint that will increase efficiency and operational effectiveness. Crispin will also advise Campbell on certain of Threadneedle’s larger and longer-term client and vendor relationships that he has been involved in forming and developing.”