Hawksmoor Fund Managers (HFM) has hired Brooks Macdonald investment director Ben Mackie to prepare for Richard Scott taking more of a backseat role.
Scott (pictured), who is one HFM's founders joining the business in 2008 as chief investment officer, will assume an advisory role with HFM from the start of next year.
Daniel Lockyer, head of fund management and senior fund manager, confirmed that Scott's transition is the conclusion of a three-year process.
He said: 'Richard is one of the founders of Hawksmoor and is irreplaceable. He has been part-time for two or three years now. It's not news to the people who know him.
'We have been thinking about how the team can develop and evolve. This is Richard's gradual transition from full-time to part-time to advisory role. It's great that he will be on hand to help strategic issues and give a common sense overview.'
Mackie joins the business as a fund manager on 2 January. He joined Brooks Macdonald in May 2016 after almost seven years with Charles Stanley.
His appointment follows the promotion of Dan Cartridge to assistant fund manager and the recent recruitment of Matilda Cretney.
Meanwhile David Chapman, whose CV includes a 20-year stint with BlackRock, has also joined HFM as a business development manager.
HFM said the hires are designed to ensure the firm has the appropriate resources in place to fulfil its growth plans.
'I am delighted that David and Ben are joining HFM at this exciting and important time as we strive to ensure the funds’ excellent performance to date continues into the future, and that the HFM team is well-equipped to maintain the high levels of service we provide to all our investors,' Lockyer said.
In the three years to the end of September the Vanbrugh fund has returned 26.3% versus 24.4% rise in the peer group, while the distribution fund is up 36.2% versus a 34.4% average in the peer group.