Edinburgh-based global investment management partnership Baillie Gifford will appoint seven new partners from May 1, 2023.
In total, the partnership will rise to 57. Baillie Gifford has about 1,800 staff and has offices in Edinburgh, Dublin, Frankfurt, Hong Kong, Krakow, London, New York, Shanghai, Toronto, Amsterdam and Zurich.
The firm had £232 billion of assets under management and advice as at April 4, 2023.
Four of the seven new partners are investment managers — former Scotsman reporter James Dow, bond expert Lesley Dunn, income growth specialist Toby Ross and emerging markets investor Roddy Snell.
Two of the new partners work with clients — emerging markets client service director Andrew Keiller and UK government pension scheme specialist Chris Murphy — and one, Stephen Pashley, works in operations as head of the business risk department.
Graham Laybourn will retire at the end of April after 19 years with the firm and more than a decade as a partner and head of operations.
Baillie Gifford joint senior partner Andrew Telfer said: “Our partnership structure has provided stability and continuity for over a century, letting the firm be owned by current staff and passed between generations.
“It is central to our identity as an independent investment manager.
“While the company has grown and evolved since 1908, the partnership underpins the spirit of our culture: our commitment to doing right by clients over the long term …”