Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Ex-Principal boss Titcomb to exit Sanlam

Ex-Principal boss Titcomb to exit Sanlam

Former Principal Investment Management chief executive Hugh Titcomb (pictured) is to exit the firm.  

The news comes after Principal parent Sanlam opted to merge the firm with its other wealth subsidiary Merchant Securities under the Sanlam Private Investments UK (SPI) name in September.  

Titcomb joined SPI UK in April 2009 as group CEO following its acquisition by Sanlam, before taking up his current role as vice chairman earlier this year. He will leave the business at the end of 2012.

Commenting on the news, SPI UK chairman Daniël Kriel said: ‘Under Hugh’s leadership the business has seen significant development, including the acquisition of the Border Asset Management and Iain Nicholson Investment Management businesses, and assets under management have increased from some £760 million in April 2009 to in excess of £1.9 billion today.  

‘Hugh’s contribution is highly valued and he leaves the business with our heartfelt thanks and very best wishes for the future.’ 

Titcomb added: ‘I am immensely proud to have been part of the development of the SPI UK business over the past three and a half years and wish Daniël and Craig Massey, the recently appointed CEO, every success as they continue to build the business going forward.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Video special: what Scottish DFMs think of SNP election flop

Video special: what Scottish DFMs think of SNP election flop

As delegates gathered for Citywire Scotland, we asked them their take on the election.

Play Keith Skeoch: 'passive has a part to play'

Keith Skeoch: 'passive has a part to play'

In the third part our series, Skeoch outlines his vision for Standard Aberdeen.

2 Comments Play Keith Skeoch: why I believe markets will make 'substantial returns'

Keith Skeoch: why I believe markets will make 'substantial returns'

In an exclusive interview, Standard Life CEO Keith Skeoch tells us why he takes an optimistic view on markets just about everywhere.

Read More
Your Business: Cover Star Club

Profile: Rathbones' fund boss on spotting emerging talent

1 Comment Profile: Rathbones' fund boss on spotting emerging talent

A great fund manager is really easy to spot, says Mike Webb, chief executive of Rathbones Unit Trust Management

Wealth Manager on Twitter