Colin Moore is to step down as global chief investment officer at Columbia Threadneedle after nearly 20 years with the firm.
He will leave the business in January 2022, at which time he will fully hand over the role to William Davies, who is currently EMEA chief investment officer and global head of equities.
Columbia Threadneedle said the move was “consistent with the company’s long-standing succession planning”.
Moore commented: “I am grateful for the opportunity I’ve had to establish a broad and deep investment capability for our clients.
“We have spent considerable time ensuring a thoughtful succession, and I am extremely pleased that William will assume the global CIO role next year.”
Davies took up his current role in September 2019, but has been with the company for as long as Moore.
He joined Threadneedle Investments as a European equities portfolio manager at the company’s inception in 1994, after starting at predecessor firm Eagle Star in 1993.
He was promoted to head of European equities in 1999 and then to head of global equities in 2011.
Davies said: “My focus is unchanged. I will continue to work with my colleagues to consistently deliver the investment performance our clients expect.”
Columbia Threadneedle chief executive Ted Truscott added: “I would like to recognise and thank Colin for his numerous contributions including establishing our global investment capability that has delivered an enviable track record of consistently strong investment performance for our clients.
“We have built an outstanding and experienced team of more than 450 investment processionals across our global footprint, and as we look forward, William is well position to assume the global CIO role.
“He is both an exceptional investor and respected people leader with a deep understanding of our firm having joined us in 1993.”