Ruffer founder steps back from day-to-day management

Executive team expanded to eight members

Ruffer founder Jonathan Ruffer is to step back from the day-to-day management of the firm as of 30 September.

His role in setting the firm's investment strategy alongside CIO Henry Maxey will remain unchanged and he will continue as chairman of the board, although he will step down from the executive team, which is led by CEO Clemmie Vaughan. Ruffer's MacInnes and Ker: Money printer won't always go 'brrrrr' The newly expanded executive team will see Omar Kodmani and Luka Gakic join as co-heads of the firm's client-facing department and Gillian Van Maaren as head of HR, alongside the five existing members: CEO Vaughan, CIO Maxey, COO Paula Walter, CFO Myles Marmion and research director Mirand...