Frontier Capital Management, the UK investment management house, has made a number of changes to its senior staff, with Colin Hodges taking up the role of chief executive, having previously been chief operating officer.

Under other moves, Michael Azlen, who founded the company in 2004 and who was previously CEO, becomes executive chairman. 

Marc Davies has been promoted to head of investments. Davies will continue as portfolio manager on Frontier Capital’s range of multi-asset funds. The company’s index tracking hedge fund, Frontier Global Hedge, is managed by Alex Gaitan. 

Frontier Capital Management is an independent and privately owned firm with around $550 million of assets under management. The business was established, Frontier Capital says, to “bring diversified and low cost multi-asset and alternative investment solutions to the wider investment community, in particular the intermediary, institutional, high net-worth and private banking markets”.