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LONDON - Polar Capital Holdings plc announced Monday that CEO Gavin Rochussen will retire after eight years at the helm of the investment management firm, with long-time executive Iain Evans appointed as his successor.
Rochussen will step down following the company’s Annual General Meeting on September 25, 2025, though he will remain with the firm during his notice period to ensure a smooth transition. Evans, who currently serves as Polar Capital’s Global Head of Distribution, will assume the CEO role in September, subject to regulatory approval.
The succession follows a comprehensive global search process that evaluated both internal and external candidates, according to the company’s statement.
During Rochussen’s tenure from 2017 to 2025, Polar Capital’s assets under management grew 130% from £9.3 billion to £21.4 billion, while adjusted diluted total earnings per share increased 162% from 20.4p to 53.5p.
"It has been a privilege to have led Polar Capital through this challenging eight-year period and to have worked with amazing colleagues in a firm with a strong culture," Rochussen said in the press release.
Evans, who has led Polar Capital’s distribution and marketing teams for over two decades, expressed his commitment to building on the firm’s existing strengths while preparing for future growth.
"I have been deeply invested in Polar Capital’s success for over 20 years, and have seen first-hand how the firm has grown - not just in scale and geographic reach, but in reputation and resilience," Evans stated.
David Lamb, Chair of Polar Capital, thanked Rochussen for making the company "a stronger more resilient business" and congratulated Evans on his appointment, noting his long history with the firm and his role in expanding the client base beyond the UK.
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