Edinburgh-based fund management giant Baillie Gifford on Thursday announced the appointment of two new partners, effective May 1, 2019, and the retirement of three partners.

The new partners will be Jan Oliver, a director in its clients department with responsibility for income strategies, and Gary Robinson, an investment manager in its US Equities team.

Three partners will retire from the firm on April 30, 2019 — Gerald Smith, who has held senior leadership roles in equity and non-equity strategies; Alison Warden, a partner in finance and operations; and Jonathan Bates, an investment manager in its ACWI Alpha strategy.

Baillie Gifford employs 1,128 people and has assets under management of £173 billion.

It is headquartered in Edinburgh with offices in New York, Hong Kong, Dublin, London and Frankfurt.

Andrew Telfer, Joint Senior Partner, said: “We are inviting Jan and Gary to join the Baillie Gifford partnership, due to their substantial contribution to date and the increasing leadership roles that they will play in future.

“At the same time we all thank Gerald, Alison and Jonathan for their many years of exceptional service to our clients.

“The continuing success of our firm is founded on outstanding long-term investment performance and excellent client service.

“Thanks to our stable partnership structure, we invest with conviction and always place client interests first.”