Baillie Gifford head of European equities to leave in 2011

Peter Hollis, head of the European equity team and a partner at Baillie Gifford, is leaving the company in April 2011.

Hollis, who joined the firm in 1989 and became a partner in 2002, is stepping down for personal reasons. He joined the firm's European team in 2004 after a five year stint on its North American equities team and a 10 year spell on the British equities team. Thomas Coutts and Angus Franklin will continue to manage the Baillie Gifford European fund after jointly running the vehicle with Hollis. A spokesperson for Baillie Gifford says: "As the departure date is 15.5 months away, Baillie Gifford is currently considering people and structures." News of Hollis' departure comes as Bail...