REG - Polar Capital Hldgs - CEO Succession

Polar Capital HoldingsAnnouncement

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RNS Number : 8387O  Polar Capital Holdings PLC  30 June 2025

30 June 2025
 
                   Polar Capital Holdings plc

CEO Succession

 

 

Polar Capital Holdings plc ("Polar Capital" or the "Group"), announces that
Gavin Rochussen has informed the Board of his intention to retire as CEO after
eight years in the role.

 

Following the Annual General Meeting on 25 September 2025, Gavin will step
down from the Board and his role as CEO. He will remain an employee, serving
out the remainder of his notice period, to provide support and an orderly
handover.

 

Following a detailed global executive search process, supported by an external
adviser, and that considered both internal and external candidates, the Board
is pleased to announce that Iain Evans, Polar Capital's Global Head of
Distribution, has been appointed as CEO Designate. Subject to regulatory
approval, it is anticipated that Iain will assume the role as CEO and join the
Board in September.

 

Gavin Rochussen, CEO, commented:

"It has been a privilege to have led Polar Capital through this challenging
eight-year period and to have worked with amazing colleagues in a firm with a
strong culture that is focused on outcomes for clients and shareholders.

 

"I will hand over leadership to a long-standing colleague, Iain Evans, who has
been Global Head of Distribution at Polar Capital for the past two decades
during which he has been responsible for the incredible diversification and
growth of the distribution footprint. Given the diverse range of
differentiated investment strategies and the solid leadership foundation, I am
confident that Polar has the attributes to continue to prosper and grow."

 

David Lamb, Chair, commented:

"On behalf of everyone at Polar, I want to thank Gavin for everything that he
has done in his time with us and for the considerable success that he has
brought to Polar Capital, helping to grow the company and make us a stronger
more resilient business. During Gavin's tenure between 2017 to 2025, AuM
increased 130% from £9.3bn to £21.4bn, with the adjusted diluted total EPS
increasing 162% from 20.4p to 53.5p. We wish Gavin well in his retirement.

 

"I also want to congratulate Iain Evans on being selected as our new CEO. Iain
has been with Polar since the early days, leading our distribution and
marketing teams, and successfully helping to build out our client base beyond
the UK."

 

Iain Evans, CEO Designate, commented:

"I am honoured to be appointed CEO and would like to thank the Board, and
Gavin Rochussen, for their trust and support.

 

"I have been deeply invested in Polar Capital's success for over 20 years, and
have seen first-hand how the firm has grown - not just in scale and geographic
reach, but in reputation and resilience. We have a strong platform, a
distinctive culture, and a differentiated product range that continues to set
us apart.

 

"My priority will be to build on our strengths, sharpen our focus, and ensure
we are well positioned to deliver the next phase of growth, while preserving
what makes Polar Capital distinctive as a specialist active manager.

 

"I look forward to working with the Board, the Executive team, and colleagues
across the firm to deliver long-term value for our clients and shareholders."

 

 

For further information please contact:

 

 Polar Capital                                      +44 (0)20 7227 2700

 Gavin Rochussen (Chief Executive Officer)

 Samir Ayub (Chief Financial Officer)

 Numis Securities Limited - Nomad and Joint Broker  +44 (0)20 7260 1000

 Giles Rolls

 Charles Farquhar

 Peel Hunt LLP - Joint Broker                       +44 (0)20 3597 8680

 Andrew Buchanan

 Oliver Jackson

 Camarco - PR                                       +44 (0)20 3757 4980

 Ed Gascoigne-Pees

 Jennifer Renwick

 Phoebe Pugh

 

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as it forms part of United Kingdom domestic law by virtue of
the European Union (Withdrawal) Act 2018, as amended by virtue of the Market
Abuse (Amendment) (EU Exit) Regulations 2019.

 

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