Linklaters has appointed Scott Bowie as head of its global investment management team.
Bowie, who currently heads the magic circle firm’s New York investment management practice, will succeed Tim Shipton who had led the group since 2002 having he set it up two years previously.
Shipton will continue in his role as co-head of Linklaters’ investment managers sector.
Bowie said: “What brought me to Linklaters in 2005 was the opportunity to be part of and to develop a globally integrated investment management practice. I look forward to working with Tim and our entire global investment management team to build on the success that Tim has helped us to achieve.”
Shipton added: “I’ve enjoyed immensely building the global practice over the last 10 years and fostering the integration of our national practices in executing fund mandates.
“It’s been a very successful period for the group and I’ve no doubt that this success will continue under the stewardship of Scott. I’ll now devote my energies to the client side of our business for the benefit of the investment management group and the firm as a whole.”
Readers' comments (7)
Anonymous | 31-Mar-2010 1:10 am
"Successful period for the group" ...really? So if making 30% of your London headcount redundant counts as successful, lord knows what a down period would be.
The move to a more US centric arrangement is surely a sign that as a firm we've had enough of the drain that is London IMG. Too big, too many folk sat around doing nothing, the ship has sunk beyond the point of no return. In truth, his predecessor's reign will be remembered for incompetence, over ambitious growth forecasting and for being too slow to react to the changing market.
Colleagues in IMG tell me its only a matter of time before they're disbanded and merged back into corporate.
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Anonymous | 31-Mar-2010 10:16 am
Re above comment - think it is time you moved on to pastures new, don't you?
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Stephen C | 31-Mar-2010 11:32 am
Yes, "bitter and twisted at 1am" might be more accurate than anonymous as a sign off.....I imagine the folks at Links would be delighted to show him/her the door with that attitude.....
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Anonymous | 31-Mar-2010 4:20 pm
The original poster's comments are pretty wide off the mark (both with regards to the performance of the group generally and its management over the past 10 years). They are clearly written by someone with some sort of axe to grind rather than someone in possession of the full facts.
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Anonymous | 31-Mar-2010 4:35 pm
@1st Comment. Everyone wants to be a critic, but can you do any better.
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Anonymous | 1-Apr-2010 8:52 am
Re first comment - I sincerely hope, given I am a person who works at the firm, that you are not a person who works within the same department as me (and I pity the poor souls that do work with you). Any person who expresses those kinds of opinions (and worse still, actually holds those beliefs) are not the kind of people I want on the same team as me. Thankfully 99% of the people at Links are not of your ilk. If, as is more likely the case, and despite your rather suspect attempts to deceive otherwise, that you are a former Linklaters lawyer, then in the vein of the second comment above, you may want to move on with your professional life, espectially at 1am in the morning! I don't like to use this word often given how damning it is - but pathetic is a very apt description.
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Anonymous | 2-Apr-2010 4:27 pm
As a former group member of IMG who left following the mass redundancies in 2009, I take particular exception to the claim that Tim Shipton acted incompetently after having built a world class group with an enviable client base.
The author seems to forget that most of the world's leading economists did not see the world financial crises approaching. In truth, IMG was victim of its own success.
Yes, the redundancies were a painful experience but I shall personally never forget the integrity and humility that Tim genuinely demonstrated towards the group in what was a difficult time for everyone.
As for handing the baton to Scott Bowie - why not?Links is an international firm and has some serious capabilities in New York and a solid client base to match.
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