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Mannix to head RWC as Harrison joins Schroders as equity head

Mannix to head RWC as Harrison joins Schroders as equity head

Dan Mannix will take over the role of chief executive at RWC from the end of this month, as Peter Harrison (pictured), the current holder of the position, returns to Schroders where he will become global head of equities.

Harrison replaces Ken Lambden, who has decided to step down after nine years in the role and 15 years in total at the firm.

Schroders has had a close relationship with RWC since it bought a 49% stake in the boutique in June 2010.

Harrison started his asset management career with Schroders back in 1988 as an equity analyst. He subsequently had spells at Newton Investment Management, JP Morgan Asset Management and Deutsche Asset Management - serving as chief investment officer at the latter two - before joining RWC in March 2006.

Since joining the firm he has overseen a significant expansion in assets, which have risen to £5 billion over the period, and recruited key names, including the former Schroders stars Ian Lance and Nick Purves.

Mannix said in a statement: ‘We have had an incredibly interesting and enjoyable six years over which time RWC has developed into a well-diversified investment manager with a number of exceptional investment teams.  

‘It remains a challenging time for investment companies but RWC is well placed to benefit due to our unconstrained approach to investing and the depth of resources we have within the firm.’

Harrison added: 'Dan has been an excellent partner throughout the development of RWC. I believe strongly that he will continue to build the firm successfully.  

'He has a very strong sense of the cultural imperatives necessary for success, as best demonstrated by his excellent record in building the sales and marketing efforts for the firm. RWC has developed significantly as a business in the past few years, and I look forward to being a continuing part of the next stage of its growth.'

As part of the reorganisation Paul Larche will take on the newly created role of chief operating officer and James Tollemache has been appointed head of sales.

The company has also recruited former Bank of America Merrill Lynch EMEA head of prime brokerage Sean Capstick as head of new markets.

Harrison will remain as non-executive chair at RWC and will continue to hold a significant stake in the business.

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