Nick Ring, the CEO for EMEA at Columbia Threadneedle, will retire at the end of the 2023 after 34 years in the industry.
Ring (pictured) was global head of product at the asset manager from 2008 to 2015, re-joining the firm in September 2019 after a four-year spell as Jupiter’s global head of distribution.
Ring will be succeeded by Columbia Threadneedle’s global COO David Logan, who receives the new title of head of EMEA and global business operations. He will report to CEO Ted Truscott.
Logan has spent more than 17 years in asset management, including a decade at F&C Asset Management. He joined BMO Global Asset Management in July 2016, where he was head of distribution for six years.
Columbia Threadneedle said there would be a “thoughtful and orderly transition” to the new leadership structure over the next six months.
CEO Truscott said: “Nick has had an outstanding career in the investment industry across a variety of distribution, product, strategy and leadership roles. We thank him for his substantial contribution to our organisation and to our clients, and we wish him well for his retirement.”
On Logan’s appointment, which is still subject to regulatory approval, Truscott said: “David is a strategic thinker, a strong people leader and has an excellent understanding of our business.
“Columbia Threadneedle’s business in EMEA has grown significantly over the past two years and I know that under David’s leadership we will continue to strengthen our business within the region, and I am excited about the opportunity ahead for our clients and the firm.”
