Church, charity and local authority fund managers CCLA Investment Management Limited announced today that Peter Hugh Smith will succeed Michael Quicke as CEO from 9 July 2019.
Mr Quicke will retire after 13 years at the helm, having joined CCLA in 2006. Under his leadership, CCLA has doubled in size, now with £9 billion of assets under management. Mr Quicke was also awarded an OBE for his services to national heritage in 2013.
His successor has a wealth of experience in investment management. Most recently, as Managing Director of investment management service Link Fund Solutions, Mr Hugh Smith was responsible for growing the business into the third largest Authorised Fund Manager in the UK in less than 5 years. His experience has ranged from wholesale relationship management at Russell Investments, to establishing an asset management business for Hong Kong conglomerate Seapower.
Richard Horlick, Chairman of the Board at CCLA, said:
“Michael has grown and successfully navigated the organisation through a period of unprecedented change. Peter joins us at an exciting time, and with his leadership, background and knowledge the Board are confident that we will continue our success in the future.”
Mr Hugh Smith said:
“I’m honoured to be joining CCLA at a time when the investment management industry is under considerable pressure to meet both investors’ needs and the needs of wider society. CCLA’s purpose is to help its clients maximise their impact on society by harnessing the power of investment markets. With its strong ESG approach and its excellent long-term performance record it is in an enviable position. I’m looking forward to joining the team and building on Michael Quicke’s impressive legacy.”