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Woolley takes over as Polar Capital chief exec Kary quits

Polar Capital chief executive Mark Kary has resigned from the company after four years to pursue other opportunities.

He has stepped down with immediate effect but will remain at the company until December 31 to ensure an orderly transfer of his responsibilities. Executive director Tim Woolley will take on the role of chief executive.

Polar Capital has £1.16bn of assets under management. In addition to its technology franchise, the company also has UK, Europe, healthcare, global macro and Japan investment teams.

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