Fund group F&C Asset Management has appointed Richard Wilson as chief executive, with activist shareholder Edward Bramson reverting to the position of non-executive chairman.
In October Bramson took charge of F&C as executive chairman following a boardroom clear-out which saw long-standing boss Alain Grisay step down.
Wilson will take up the role of chief executive from 1 January, subject to approval from the Financial Services Authority.
Wilson is currently responsible for F&C's investment and distribution activities.
Prior to F&C he was head of international equities at Gartmore and managing director of global equities at Deutsche Asset Management. He started his fund management career at HSBC as a fund manager.
Bramson (pictured) said: ‘Richard has played a critical role in the development and execution of the group's strategy over the last year. I look forward to us working together and continuing to build value for all our stakeholders.’