Edinburgh-based investment giant Baillie Gifford has appointed Amy Atack as a third managing partner and also four new regular partners, effective April 1.
The firm’s other two managing partners are Andrew Telfer and Malcolm MacColl.
Atack has worked across Baillie Gifford for almost 20 years. She joined as an investment analyst in 2004 and in 2010 she moved to the Clients Department, working predominantly with North American clients.
She became a partner in 2018 then returned to the investment floor in 2021 as chief of staff for equities, overseeing the development and resourcing of equity teams.
Three partners — Anthony Tait, Larysa Bemko and Scott Nisbet — will retire on March 31 after several decades with the firm.
Baillie Gifford has assets under management of £226 billion and 1,830 staff, with offices in Edinburgh, Dublin, Frankfurt, Hong Kong, Krakow, London, New York, Shanghai, Toronto, Amsterdam and Zurich.
Telfer said: “This year we will appoint four new partners and a third managing partner at Baillie Gifford, effective 1 April 2024.
“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 firm 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.
“Two of the new partners work in our operations departments: Ashley Chalmers and Neil Riddell. One is an investment manager: Stephen Paice. One works with clients: Fraser Thomson.
“Reflecting growth in the firm in recent years, we are appointing Amy Atack as a third managing partner. Amy has been at the firm for 20 years, and a partner for six.
“The managing partners have responsibility for policy, people and partnership.
“Congratulations to all of them.
“Three partners will retire on 31 March 2024 after several decades with the firm.
“Anthony Tait, Larysa Bemko and Scott Nisbet have each supported our clients and consultants over many years and we thank them for their significant contribution.
“As a result of these changes, the total number of partners will rise to 58.”
Chalmers is a senior leader in Baillie Gifford’s Information Systems department. She is also a member of the firm’s Diversity and Inclusion Steering Group. Chalmers is the first member of the Information Systems Graduate Programme to become a partner.
Riddell heads Baillie Gifford’s Group Risk department and leads the development of its firm-wide data strategy.
Paice is head of the European equities team, while Thomson is an investment specialist on the US equities strategies.