Columbia Threadneedle has appointed Michelle Scrimgeour, currently chief risk officer at M&G Investments, as its regional chief executive officer.
Scrimgeour will be CEO of Europe, Middle East & Africa (Emea) and CEO of Threadneedle Asset Management.
Scrimgeour’s career spans back to Mercury Asset Management, which would become Merrill Lynch Investment Managers and then part of BlackRock. She worked at each firm.
She was a member of the European executive committee at BlackRock, which led the firm’s Emea business, and she oversaw the integration of BlackRock and Barclays Global Investors in London.
Prior to that she held a number of roles across the business, including chief operating officer for international fixed income and global head of fixed income product.
Scrimgeour takes over from Campbell Fleming, who left the firm in April to join Aberdeen Asset Management. Tim Gilbanks, Emea chief operating officer, acted as interim chief.
Scrimgeour will also join the executive leadership team of Columbia Threadneedle’s parent, Ameriprise Financial.
Ted Truscott, global CEO at Columbia Threadneedle, said: “Michelle is a business leader with excellent asset management experience and a strong track record of achieving results. In addition to her extensive experience across distribution, product, operations, risk and control functions, she brings energy, commerciality and a strong understanding of both wholesale and institutional client needs.”
Anne Richards, chief executive of M&G Investments, said: “Michelle has made an outstanding contribution during her time at M&G so we are not surprised that Columbia Threadneedle has chosen her as the CEO for its Emea business. We offer Michelle our warmest congratulations and wish her every success in her new role.”
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