Crispin Henderson, chief executive officer of international investment manager Threadneedle Investments, will become vice chair of global asset management for Ameriprise Financial, Threadneedle’s parent company.
Campbell Fleming, Threadneedle’s current head of distribution, will replace Mr Henderson as chief executive of Threadneedle. Both will report to Ted Truscott, chief executive of global asset management for Ameriprise.
Both appointments are subject to regulatory approval.
Mr Truscott said: “Over the past year, Crispin has had discussions about opportunities to transition to a role that offered broader input across our global asset management businesses. This new role is ideally suited for him - Crispin has a deep understanding of operations and will partner across our technology and operations functions to create a strategic blueprint that will increase efficiency and operational effectiveness.
“Crispin will also advise Campbell on certain Threadneedle larger and longer-term client and vendor relationships that he has been involved in forming and developing. Crispin has a strong record at Threadneedle, and I look forward to continuing to work with him through the transition and in his new role.”