Coupland Cardiff Asset Management (CCAM) chief executive Richard Cardiff is to become chairman of the business he co-founded with Angus Coupland in 2005.
The specialist asset manager, which manages $2.75bn in assets via capacity constrained equity strategies across Asia, India and Japan, has hired Redwheel’s James Tollemache (pictured) to succeed him as CEO.
Tollemache will step into the top role on 1 August, pending regulatory approvals.
Cardiff said: “The partners and I are very pleased we have James joining us. Structured and thoughtful succession planning is key to the successful future of any company. To find someone like James, with his experience of working with investment teams and clients across several channels and jurisdictions provides everyone associated with CCAM, staff and investors alike, a tremendous opportunity.”
Cardiff will remain CEO until the FCA gives the final nod, and will then work closely with Tollemache to ensure a smooth handover.
Angus Coupland remains a partner and fund manager with the company, a spokesperson confirmed to Portfolio Adviser.
Previous role had big US focus
Tollemache spent the past 15 years at Redwheel, which rebranded from RWC Partners earlier this year, where he held a number of senior roles.
He played an integral part in building the business in the UK and Europe, becoming head of sales in 2013. Latterly, he worked to grow the US business, most recently as head of US wholesale and Latin America as well as Middle East and Africa.
Tollemache commented: “I am hugely grateful for the experience Redwheel has given me over the years and proud of what we have achieved. I have no doubt that its success will continue. To have worked with such a talented group of people, many of whom are friends, has been a privilege.
“The opportunity we have at Coupland Cardiff is an exciting one as we look to continue to grow the business, building on its 17 years of expertise across Asian markets and a solid track record. Once FCA approval has been completed I look forward to getting on with the work at hand. As an independent asset management business concentrating in areas rich in alpha with a structure that promotes long term success, autonomy and alignment, there are some real opportunities in the market today.”
