Columbia Threadneedle Investments has appointed Nick Ring, formerly Jupiter Fund Management's global head of distribution, as CEO, EMEA.
Ring returns to Columbia Threadneedle, where he spent seven years before leaving for Jupiter in 2015, and will also join the executive leadership team at Ameriprise Financial, Inc, Columbia Threadneedle's parent company. He will start on 23 September 2019.
PA's sister title Investment Week revealed in May that Ring would leave his post at Jupiter on 5 June, to be replaced by Phil Wagstaff, formerly global head of distribution at Janus Henderson.
The appointment ends Columbia Threadneedle's four-month-long search to replace Michelle Scrimgeour as CEO, EMEA.
Scrimgeour replaced Mark Zinkula as CEO of Legal & General Investment Management's investment management business earlier this year.
Ted Truscott, global chief executive officer at Columbia Threadneedle, said Ring has "an excellent understanding of our business and of the asset management sector more broadly".
He added: "[Ring] brings extensive experience in product, strategy and distribution roles at a time when our industry is evolving to meet the changing needs and aspirations of our clients.
"I'm very confident that Nick's technical expertise, combined with strong client focus is the right combination to lead our EMEA business as we strive to strengthen our client relationships and value proposition.
"He is a strong people leader who understands and embraces the culture of our firm and we are looking forward to working with him again."
In his previous spell at Columbia Threadneedle, Ring worked in various product and distribution roles culminating in his appointment as global head of product for his final year.
Before that, Ring served in different posts for Northern Trust, including managing director and head of international wealth management. He has also worked for KPMG, Gartmore and Prudential.
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