There are reasons to believe that Chatfeild-Roberts will not be the last CIO or CEO we see making this kind of move in the near future.
With markets becoming increasingly choppy, ever growing regulatory scrutiny and the ongoing shift from a risk rated to risk targeted approach, others in similar positions may also come to the conclusion that all their focus needs to be on managing money, not people or businesses.
Managing people and wider strategising is a major part of many CIO roles and each minute of a working day can only be spent once, so more time managing means less time to spend on the actual investing.
Then there is the fact that the skills involved in being a good fund manager are often very different to those required to be a good CIO, and not everyone will necessarily enjoy or be successful in both roles.
You could on the other hand take the simple if cynical view that Chatfeild-Roberts hand has been forced by recent poor performance of the funds, which lost 4.7% overall in the second quarter.
The counter to that argument is that Chatfeild-Roberts’ general performance has been good, with the slide in Q2 this year an exception rather than the norm.
