CRUX Asset Management Ltd. (CRUX), an employee-owned investment management business, has appointed Lord Howard of Penrith as Chairman.
Before joining CRUX, Howard was senior independent director of Schroders, having served as a non-executive director since 2008. He was also Chief Investment Officer of Beazley, the Lloyds Insurer, from 2013-15. He was Chairman of Tarchon Capital Management LLP and spent a number of years as deputy to the Chairman of Lehman Brothers in Europe until 1997. He was also the partner in charge of international fixed income at Phillips & Drew.
Charles Ferguson steps down as Chairman to become a non-executive director for CRUX.
Alistair Reid, CEO of CRUX Asset Management, says: “We are pleased to welcome Lord Howard to CRUX in this important role. His experience and knowledge of our industry will be a huge support to the business as we continue to grow. I would also like to thank Charles Ferguson for his outstanding contribution as we established CRUX Asset Management and we are delighted that he will remain part of our company as a non-executive director.”