Lansdowne Names Investec Vet Snow CEO

Jun 27 2013 | 1:04pm ET

Lansdowne Partners has gone outside of the firm to find its new leader.

The US$12.4 billion hedge fund named Alex Snow its new CEO. Snow will succeed Lansdowne co-founder Paul Ruddock in September, the firm said today.

Snow is the former executive chairman of Investec's British investment-banking unit. Snow joined Investec in 2011, when it acquired the firm he co-founded, Evolution.

Lansdowne also said that head of operations Suzi Nutton would be promoted to chief operating officer.

"Alex has been known to members of the management committee for many years and has the combination of management experience, energy and drive which we believe is necessary to lead Lansdowne going forward," the committee said.

Ruddock announced his plans to retire from the 15-year-old firm in March. He is set to leave at the end of this month and plans to focus on philanthropy.

Ruddock handled the operational end of Lansdowne and was not involved in the management of its funds.


In Depth

bfinance: Fees Falling Across Asset Classes, Yet Overall Investor Costs Still Climbing

May 16 2017 | 9:53pm ET

Despite unprecedented attention on fees, new research from investment consultancy...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Risk-Based Compliance: Why Oversight Of Outsourcing Is Critical

May 10 2017 | 7:02pm ET

Compliance is notoriously one of the trickiest middle office functions for funds...

 

From the current issue of