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Tim Warrington appointed CEO of SKAGEN

SKAGEN’s Board has appointed Tim Warrington as CEO of SKAGEN, effective immediately. He has been Acting CEO of SKAGEN since Øyvind Schanke stepped down in May.

Date: 28/06/18

Tim Warrington has been with SKAGEN for over ten years and his appointment ensures continuity and a strong client focus. He was previously responsible for international distribution and domestic wealth management before taking on the role of Deputy CEO in June 2013.

Odd Arild Grefstad, Chairman of the Board of SKAGEN and CEO of Storebrand, commented:

“Tim has detailed industry knowledge, strong leadership skills and represents continuity and stability for both clients and employees. We are confident that he has the business acumen and determination needed to lead the company and implement SKAGEN’s strategy going forward.”

Alexandra Morris, will continue as Investment Director, responsible for the investment teams, a position she has held since September 2016.  

Jan Erik Saugestad, EVP Asset Management of Storebrand, commented:

“Important steps have already been taken in building a joint SKAGEN and Storebrand operational platform and strengthening distribution, while at the same time safeguarding the independence of the investment boutique and its ability to provide clients with value. With Tim as CEO, and Alexandra Morris as Investment Director, we now have a very strong leadership team to ensure stability and development going forward.”

Tim Warrington commented:

“It is an honour to be appointed CEO of SKAGEN. SKAGEN is well-known as an independent fund manager with a consistent investment philosophy and a strong client focus. Together with my SKAGEN colleagues, I look forward to leading the company through the next phase in our development together with Storebrand. Our focus remains the delivery of best risk adjusted returns and service to all our clients.”

In addition to his ten years’ experience in SKAGEN, Tim is Chairman of the Board of the Group of Boutique Asset Managers, an association consisting of 17 independent fund management companies from all over the world. Prior to joining SKAGEN, Tim had over 20 years’ leadership experience from the armed forces.

Historical returns are no guarantee for future returns. Future returns will depend, inter alia, on market developments, the fund manager’s skills, the fund’s risk profile and management fees. The return may become negative as a result of negative price developments. There is risk associated with investing in funds due to market movements, currency developments, interest rate levels, economic, sector and company-specific conditions. The funds are denominated in NOK. Returns may increase or decrease as a result of currency fluctuations. Prior to making a subscription, we encourage you to read the fund's prospectus and key investor information document which contain further details about the fund's characteristics and costs. The information can be found on www.skagenfunds.com. Storebrand Asset Management administers the SKAGEN funds which are by agreement managed by SKAGEN's portfolio managers.

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