The latest AuM update comes just three months before Polar’s CEO Tim Woolley is due to step down, with Gavin Rochussen, former CEO of J O Hambro Capital Management set to take on the role in July with Woolley moving into a non-executive position.
In January, Polar’s chairman Tom Bartlem, credited Woolley with leading the firm to its £8.4bn AuM at the end of 2016.