Baillie Gifford Names Tim Campbell as Successor to Retiring CEO Andrew Telfer
20 AUG, 2024
By Jose Luis Palmer from RankiaPro Europe
Baillie Gifford has announced that Andrew Telfer, one of its three managing partners and current Chief Executive Officer (CEO), will retire on March 31, 2025. Tim Campbell, a seasoned partner within the firm, has been named as Telfer’s successor, marking a significant leadership transition after Telfer’s distinguished 33-year career at the firm.
Leadership Transition at Baillie Gifford
Andrew Telfer, who has been with Baillie Gifford since 1992, will be stepping down after an impressive tenure that saw the firm’s assets under management grow substantially. Telfer began his career as an investment trainee, eventually becoming an investment manager in the Emerging Markets team. His leadership roles expanded as he moved to the Clients Department in 2006, where he served as head from 2009 to 2011, before being appointed as a managing partner and CEO in 2012.
Under Telfer’s leadership, Baillie Gifford’s client base has diversified, and the firm now operates on a global scale. Despite this expansion, Telfer emphasized that the firm’s commitment to investment excellence and client-first approach has remained steadfast. Reflecting on his career, Telfer expressed confidence in Tim Campbell’s ability to lead Baillie Gifford into its next chapter, highlighting Campbell’s experience and dedication as invaluable assets to both the firm and its clients.
Tim Campbell’s Extensive Experience
Tim Campbell, who will assume the role of managing partner and CEO in 2025, has been a pivotal figure at Baillie Gifford since he joined as an investment trainee in 1999. Like Telfer, Campbell began his career on the Emerging Markets team before transitioning to the Clients Department in 2007, where he played a key role in managing relationships with clients invested in Emerging Markets strategies.
In 2012, Campbell was promoted to partner and has since taken on additional leadership responsibilities, including chairing the firm’s Management Committee and Group Risk Committee. His appointment as the next managing partner follows a carefully planned leadership transition process, ensuring continuity in the firm’s strategic direction and cultural values.
Fellow managing partners Malcolm MacColl and Amy Atack have both voiced their support for Campbell’s appointment, with MacColl highlighting the importance of the firm’s independent, private partnership model in fostering stability and enabling long-term succession planning. Atack praised Telfer’s long and diverse career, noting his significant contributions to Baillie Gifford’s growth and his unwavering focus on clients.
As Baillie Gifford prepares for this leadership change, the firm remains committed to its core principles of investment excellence and client service, with Campbell set to lead the next phase of its evolution.
