Rensburg Sheppards has announced the retirement of Nicholas Bagshawe as an executive director and also as an employee of the group on 31 Mar...

Rensburg Sheppards has announced the retirement of Nicholas Bagshawe as an executive director and also as an employee of the group on 31 March 2007. Mr Bagshawe is 61 and started his career in portfolio management with Kitcat & Aitken and then subsequently with Henderson Crosthwaite, Carr Sheppards Crosthwaite and finally, from May 2005, with Rensburg Sheppards following CSC’s acquisition by Rensburg. Mike Burns, chief executive of Rensburg Sheppards said: “Nick has made an important contribution to the successful merger of CSC and Rensburg and he leaves with our very best wishes for a long and happy retirement.” Mr Burns himself is leaving the group in April when Steve Elliot, former chief executive of Carr Sheppards Crosthwaite and current managing director of Rensburg Sheppards, is to succeed him as chief executive. Rensburg's acquisition of Carr Sheppards from Investec in 2005 created the UK's seventh largest private client fund manager with £13 billion ($25 billion) of funds under management.