London-based Troy Asset Management has named Jan Pethick to become chairman of its board from July and has additionally appointed James Findlay as a non-executive director.

Pethick succeeds Simon de Zoete, who has been chairman since 2003 and who will remain on the board as a non-executive director. In his former career Pethick had been chairman of Bank of America Merrill Lynch International Debt Capital Markets, Europe.

Findlay is currently chief executive of Findlay Park Partners, the US asset manager he co-founded in 1997. Before this he had a thirteen-year stint as a fund manager and director at Foreign & Colonial Management.

Troy, which managed £2 billion ($3.2 billion) in assets at end 2010, was established in 2000.