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Legge to step down from Liontrust

Liontrust Asset Management co-founder and chief executive Nigel Legge is to step down from his role.

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He will be replaced by the firm’s current head of retail, John Ions, but will stay on in a consultancy role until 6 August. The firm’s current non-executive chairman, Adrian Collins, will become executive chairman, while Vinay Abrol will continue in his role as chief operating officer and chief financial officer.

As well as offering a number of UK Oeics and investment trusts, the firm has funds domiciled in Guernsey and runs a number of Luxemburg Sicavs.

“Having co-founded the company in 1994, Nigel has been the driving force behind the development of Liontrust, including its flotation in 1999, and has steered the business through an extremely challenging period over the past 18 months,” said Collins.

“With Nigel and the Board having begun the rebuilding of the business and the company being well positioned for the future, Nigel feels this is the right time to step down. The Board would like to thank Nigel for the energy and contribution he has made in building the company and wish him well for the future.”

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