William Dalziel has retired from his position as partner at London & Capital.
Dalziel, who has been with the company for 12 years, was responsible for setting up the company’s institutional division and building it into the successful team it is today, with over $1 billion in assets under management.
In October 2017, Kate Miller was brought in by Dalziel to succeed him as head of institutional business.
Miller has been working closely with Dalziel over the past year to ensure the team continues to develop its expertise while maintaining the high standards of investment management and client servicing.
Dalziel will remain on hand as a senior adviser to the business.
Miller said she is privileged to have had the opportunity to work alongside Dalziel.
She added: “Working so closely with him, I have appreciated the depth of his achievements in building the institutional business and have seen first-hand the mutual respect between him and his clients.”
Dalziel said that he was very proud of what the team has achieved and is “certain that [the team] will continue to deliver exceptional client services”.
He continued: “I am leaving the team in Kate Miller’s capable hands. She is well known in the UK insurance asset management field for her high standards, technical expertise and her commitment to her clients’ interests.”
“I am delighted that we have found someone of Miller’s calibre to take the team forward,” Dalziel added.
Guy McGlashan, COO of London & Capital, said the company wished Dalziel and his family “all the best for his well-earned retirement”.
McGlashan stated: “William Dalziel’s selfless commitment to building this business and looking after his clients over the past 12 years was exemplified in the manner in which he has managed what could have been a difficult transition.”
“We shall miss his contribution to the wider business as well, but we are excited to be working with Kate Miller and will undoubtedly benefit from the fresh perspective she brings to both the institutional business and London & Capital as a whole.”