TwentyFour Asset Management has appointed Ben Hayward as chief executive officer.
Hayward, a former founding partner at TwentyFour, will replace Mark Holman who has been the firm’s CEO since its inception in 2008. Holman will step down in January 2022.
Previously, Holman combined his duties as CEO with being a portfolio manager for TwentyFour’s flagship Strategic Income Fund. From now until January 2022, Holman will lead the firm’s multi-sector bond team.
Hayward will continue to be a member of TwentyFour’s executive committee. His new role will include portfolio management in the asset-backed securities business and he will remain a member of the firm’s asset allocation committee. Existing partners Rob Ford, Douglas Charleston and Aza Teeuwen will continue drive the strategy.
In addition, TwentyFour will also be expanding its executive committee with the addition of Eoin Walsh, partner, Sujan Nadarajah, partner. This comes on the back of the addition of John Magrath, partner, earlier in the year.
Graeme Anderson, chairman at TwentyFour Asset Management, said: “As we have grown, we have consistently invested in our business, our people, and of course our own management team. Since inception Mark has led the management team and the firm exceptionally well, making TwentyFour one of Europe’s most respected fixed income boutiques. Ben Hayward has been a key member of our management team for many years, and I look forward to continuing to work with him as our new CEO.”
As of 30 November 2021, TwentyFour Asset Management had £22.7 billion in assets under management.
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