Merian Global Investors has announced that its CEO Richard Buxton is stepping down from his role.
The company said board member Mark Gregory (pictured) will take over as CEO, subject to regulatory approval.
Gregory joined Merian’s board in October 2018 as an independent non-executive director and has played an active role in developing its strategy.
In his new role, Gregory will be responsible for driving growth for the company and ensuring it remains focused on delivering positive client outcomes. He will also continue to sit on the firm’s board.
Meanwhile, Buxton will continue to be involved in the firm’s development via his position as a major shareholder on the board.
Buxton is one of three Merian investment professionals on the board, alongside Citywire + rated Ian Heslop, who heads up global equities, and Citywire A-rated Richard Watts, who manages UK small- and mid-cap equities.
Buxton will also remain as the company’s head of UK equities and manager of the Merian UK Alpha fund.
The leadership shuffle follows the completion of the management buyout of the firm in June 2018 and its rebranding in October 2018.
Merian was formed in June 2018 when its management team, together with funds operated by the global growth private equity firm, TA Associates, acquired the single-strategy investment capabilities of Old Mutual Global Investors.