Asset management

MacColl succeeds retiring Plowden at Baillie Gifford

Charles Plowden: almost 40 years service

Baillie Gifford has announced that Malcolm MacColl will become joint senior partner, succeeding Charles Plowden who has announced he is retiring after almost 40 years with the Edinburgh asset manager.

Mr Plowden will leave the company on 30 April next year.

Andrew Telfer, fellow senior partner, said: “Charles joined Baillie Gifford 37 years ago and has been at the heart of the firm’s growth, notably in the UK Equities Team, the Global Alpha Strategy and as a leader of the whole investment department.

“This is a remarkable achievement in today’s age. Most importantly, during this period, he has generated excellent investment returns for clients.

“We are announcing Charles’s retirement a year in advance, to ensure a considerable period of transition before Malcolm takes up his new governance role as the firm’s joint senior partner. 

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“This exemplifies well-organised succession planning, a key strength of Baillie Gifford’s partnership model which makes it possible for us to take a long-term approach.”

Mr Plowden joined Baillie Gifford in 1983 and was an investment manager in the UK Equities Team for more than 20 years, helping develop the firm’s institutional UK equity capabilities and latterly leading the team.

He has worked in the Global Alpha Strategy since its inception in 2005, and became joint senior partner the following year, with responsibility for the firm’s investment department. In 2015 he was made manager of Monks Investment Trust.

He said: “By next April I will have reached my 60th birthday and spent almost 38 years at Baillie Gifford, 15 of them as senior partner.

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