James Thornton, co-founder of real estate investment management firm Mayfair Capital, will step down from his role as CEO at the end of this year and will be replaced by executive director Giles King from 1 January 2021.
Thornton will remain non-executive chair of the business - which has £1.7bn of assets under management - and sit on the firm's UK executive board, as well as its investment risk and remuneration committees. The CEO will also continue support the fund director on Mayfair Capital's £653m Property Income trust for Charities - the firm's largest mandate - and will take on a new client relationship role within the business. He said: "The time is right for me to hand over executive responsibility for running the business. Succession has been a feature of our business planning and I am very con...
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