Rochussen to join Polar as CEO

Takes up role in July

Gavin Rochussen, former CEO of JO Hambro Capital Management, is to become CEO of Polar Capital from July.

He succeeds Tim Woolley, who will stand down as chief executive and move to a non-executive position. Polar also confirmed that as part of Rochussen's (pictured) remuneration package, he will join the company's Long Term Incentive Plan (LTIP) and on appointment he will be awarded a deferred interest in £3m value of ordinary shares in the group. In addition, Rochussen has informed the board of his intention to purchase up to one million ordinary shares at a price of up to 300p. Senior executives and significant shareholders of Polar Capital, Woolley, Brian Ashford-Russell and Robert...