Nigel Legge, co-founder and CEO of Liontrust Asset Management, has stood down as head of the London-based asset manager with immediate effect. He will stay on as a consultant until 6 August.
John Ions, head of the firm’s retail business, joins the board as CEO, while non-executive chairman Adrian Collins becomes executive chairman. Vinay Abrol will continue as COO and CFO.
“Having co-founded the company in 1994, Nigel has been the driving force behind the development of Liontrust, including its flotation in 1999, and has steered the business through an extremely challenging period over the past 18 months,” said