Ruffer has reshuffled its executive team in a move that sees founder Jonathan Ruffer step back from day-to-day management of the business.
From 30 September, Ruffer will no longer be a member of the executive team but he will remain chairman of the company and continue to set the investment strategy alongside chief investment officer Henry Maxey.
Three individuals are being added to the executive team, led by Ruffer chief executive Clemmie Vaughan (pictured). These are Omar Kodmani and Luka Gakic, co-heads of the firm’s client-facing department, and Gillian Van Maaren, head of HR.
The board will then comprise eight individuals. In addition to the new appointments and Vaughan, it features Maxey, chief operating officer Paula Walter, chief financial officer Myles Marmion and research director Miranda Best.
In a press release, Ruffer said the changes are “a mix of strengthening leadership and continued succession”.
Jonathan Ruffer said: “Since becoming CEO in 2017, Clemmie has been forging a first-rate team. I see these developments as an indication that there is no shortage of wise heads and willing hands to take this business forward.”
Vaughan said: “These changes reflect the continuing development of Ruffer from one that is founder-led, to one that is team-led. As a firm, we are focused on delivering investment performance and service that puts our clients first.”
