Fleming named new Threadneedle CEO
Threadneedle head of distribution Campbell Fleming is to become chief executive of the asset manager as current CEO Crispin Henderson moves to a new role at parent group Ameriprise Financial.
Henderson will become vice chairman of global asset management at Ameriprise, with Fleming taking over as Threadneedle CEO after a handover period.
The appointments are subject to regulatory approval. Both men will report to Ameriprise global asset management CEO Ted Truscott.
Fleming, a member of Threadneedle’s executive committee, joined the asset manager in 2009 from J.P. Morgan Asset Management, where he was managing director of its UK business. He had worked at JPMAM since 1997.
“We enjoy the support of a large and strong parent in Ameriprise Financial, and I look forward to working with Ted, Crispin and the team as we continue to strive to deliver out-performance for our clients and build our business globally,” Fleming said.
Henderson has been Threadneedle CEO since 2007, having joined the group in 2002 as chief operating officer.
He will advise Fleming on some of Threadneedle’s “larger and longer-term client and vendor relationships”, the group said.
Threadneedle will not seek to replace Fleming as head of distribution; Gary Collins will continue as head of UK wholesale distribution with the institutional-focused Andrew Nicoll continuing as head of client services.
This article was first published on Investment Week