Baillie Gifford's Charles Plowden to retire

Departs after 37 years in April 2021

Joint senior partner at Baillie Gifford Charles Plowden is set to retire next year, having served nearly 40 years with the firm.

His departure, which is set for 30 April 2021, will see Malcolm MacColl step up to joint senior partner, while Helen Xiong will join the Global Alpha Strategy at the end of May. Xiong, who has worked closely with the strategy for eight years, will remain joint manager of the Baillie Gifford US Growth trust, while senior analyst for US equities Dave Bujnowski will replace her as one of four managers on the Baillie Gifford American fund on 1 June. Plowden will continue to manage the Global Alpha Strategy, the Global Alpha Growth fund and Monks until his departure, after which Spencer Ad...