Norris takes full ownership of Argonaut; Polin made chair; Russ and Income funds move to Liontrust

Europe boutique Argonaut Capital has announced a number of changes to the business, including founder Barry Norris taking full control, the appointment of Sanlam CEO Jonathan Polin as chairman and the sale of its Income funds to Liontrust.

Norris (pictured) will assume full ownership of the asset manager, subject to completion via a scheme of arrangement and regulatory approval. Argonaut Capital was formed as a joint venture between the founders and Britannic Asset Management (later known as Resolution then Ignis) in 2005. A passive 40% minority stake in Argonaut was then retained by Standard Life Investments following its acquisition of Ignis in 2014. Following completion of the deal, SLI and European Income fund manager Oliver Russ will exit the business. Norris said Argonaut will flourish as a fully independent bu...