Norwegian funds house Skagen has appointed Tim Warrington as chief executive with immediate effect.
Warrington has served as acting chief executive of the Stavanger-based firm since Øyvind Schanke stepped down in May.
Warrington has been with Skagen for over ten years and was previously responsible for international distribution and domestic wealth management before taking on the role of deputy chief executive in 2013.
He is also the current chairman of the Group of Boutique Asset Managers, an association of 17 independent fund management companies from all over the world.
Odd Arild Grefstad, Skagen chairman and chief executive of Storebrand, said: “Tim has detailed industry knowledge, strong leadership skills and represents continuity and stability for both clients and employees.
“We are confident that he has the business acumen and determination needed to lead the company and implement Skagen’s strategy going forward.”
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