Dan Mannix is to assume the role of chief executive officer at RWC from the end of February.
Mannix (pictured) replaces Peter Harrison who will remain as non-executive chairman of RWC and a significant shareholder in the business. Harrison is taking up a senior position at Schroders.
Mannix joined RWC in 2006, as a senior member of the management team and has been a key player in the growth of the number of RWC’s investment teams, as well as leading its highly successful business development team.
During this period, some of the industry’s most respected fund managers have joined RWC and the firm’s assets have grown to over USD5bn.
As part of the transition from Harrison to Mannix, Paul Larche has been appointed to the newly created position of chief operating officer and James Tollemache has been appointed head of sales for RWC.
Sean Capstick joins RWC as head of new markets reporting into Mannix. Capstick has over 20 years’ experience in financial services and has known RWC for many years during his time as EMEA head of prime brokerage for Bank of America Merrill Lynch and global head of capital introduction for Deutsche Bank.
Schroders has had a shareholding in RWC since June 2010 and will remain a non-controlling shareholder.
Harrison says: “Dan has been an excellent partner throughout the development of RWC. I believe strongly that he will continue to build the firm successfully. He has a very strong sense of the cultural imperatives necessary for success, as best demonstrated by his excellent record in building the sales and marketing efforts for the firm. RWC has developed significantly as a business in the past few years, and I look forward to being a continuing part of the next stage of its growth.”
Mannix says: “We have had an incredibly interesting and enjoyable six years over which time RWC has developed into a well-diversified investment manager with a number of exceptional investment teams. It remains a challenging time for investment companies but RWC is well placed to benefit due to our unconstrained approach to investing and the depth of resources we have within the firm.”