Agnelli investment firm hires former UK minister Osborne (updated)
15/05/2023 09:40
(Adds details)
PARIS/LONDON, May 15 (Reuters) - Lingotto Investment
Management, backed by Italy's Agnelli family, has hired former
British finance minister George Osborne and veteran fund manager
James Anderson, it said on Monday.
Owned by Exor NV EXOR.AS , the Agnelli family holding
company, Lingotto had around $3 billion in assets under
management at the end of March provided by Exor and French
insurance group Covea.
Osborne will be non-executive chairman of Lingotto. He
served as British finance minister from 2010-2016 and has since
held a variety of roles and is currently a partner at investment
bank Robey Warshaw.
Anderson's role will be to invest in innovation. He
previously worked for Edinburgh-based Baillie Gifford where he
was an early investor in companies such as Amazon and Tesla.
Anderson, a Briton, is also chairman of Swedish investment
firm Kinnevik KINVb.ST .
Lingotto, based in London, was previously known as Exor
Capital. The name Lingotto can be translated as "ingot" and is
also the name of a big Fiat factory built in Turin a century ago
by the Agnellis.
(Reporting by Sudip Kar-Gupta in Paris and Keith Weir in
London; Editing by Toby Chopra, Kirsten Donovan)
((sudip.kargupta@thomsonreuters.com;))