Ex-Man Group CEO Clarke to join board of RWC Partners

Peter Clarke, a former chief executive officer (CEO) of Man Grroup, is to join the board of RWC Partners as a non-executive Director. Clarke currently serves on the boards of Lombard Odier and AXA UK and is Chairman of Lancashire Holdings. 

Nicky Richards, Global Head of Equities for Schroders, who have a 43 per cent shareholding in RWC Partners, was recently appointed non-executive Chairman of the firm. 
 
Dan Mannix, CEO of RWC Partners, says: “Our Board is an essential component of the strategic decision making framework underpinning RWC Partners’ objective to provide market leading, sustainable investment management services. This single objective requires us to continually invest in the development of the organisation and our investment capabilities.
 
"With Peter (Clarke) joining we are ensuring our board will continue to provide the insights, support and ambition that have formed an essential part of RWC Partners’ DNA. We are going through an extremely exciting period for the organisation with a number of our investment teams seeing significant support from investors around the world. While assets have grown from circa USD6 billion to over USD11 billion over the last three years we have continued to evolve our investment capabilities with our Global Equity and Emerging Market Equity strategies seeing real traction within the institutional investment community. The industry continues to rapidly evolve and we are well placed to continue to develop our position as a provider of investment strategies that have a demonstrable value proposition.”
 
Clarke says: “I am delighted to be joining the Board of RWC Partners as a non-executive director, and excited to be part of this dynamic and strong organisation.  

“It has been a really tough decade for many smaller investment managers, but RWC Partners stands out to me as one organisation that has demonstrated that having the right culture and focus can overcome many of these headwinds.  Its culture is one that embraces opportunity and longevity, and its investment capabilities all start from the investors’ perspective: a focus on making money and managing absolute risk to create clearly identifiable value. 

“The growth RWC has seen over the last few years clearly demonstrates the attraction investors have for these investment capabilities.  It has a structure that is well placed to offer investors and portfolio managers a strong and stable environment.  Building out an attractive range of investment strategies by bringing in high quality established investment talent is key to this success. Successfully on-boarding a fifteen person Emerging Market team during a period of heightened market stress last year demonstrates the firm's culture of being opportunistic whilst focussing on the long term.

“I am very much looking forward to working with Dan, his executive team, the Board and everyone at RWC, and to working in a dynamic organisation well placed to take advantage of the changes and opportunities within asset management today."