Redington has appointed Mitesh Sheth as CEO, allowing co-founders Robert Gardner and Dawid Konotey-Ahulu to spend more time with clients.
Gardner and Konotey-Ahulu have held the combined roles of client consultants and co-CEOs since the consultant’s launch in 2006. The firm now advises on over £400bn in assets and a team of more than 80 people.
Sheth, who is currently Redington’s director of strategy, joined the firm in 2013. He was previously head of fixed income at Henderson Global Investors and has also held roles at both Watson Wyatt (now Willis Towers Watson) and Aon Consulting (now Aon Hewitt). He takes on the new role from 5 April.
Gardner and Konotey-Ahulu remain the majority shareholders of Redington and said Sheth’s appointment would allow them to focus more on clients, innovation and people development.
“At Redington we are fortunate to have an exceptionally strong next generation of leadership talent,” they said in a statement. “Our reputation has been built on providing inventive answers to many complex questions facing the UK pensions industry. Mitesh’s appointment as CEO ensures we are well placed to accelerate our efforts in helping our current and future clients meet the challenges posed over the next decade.”
Sheth added: “In just a decade, Robert and Dawid have shaped Redington into one of the UK’s leading independent investment consulting firms. Redington is renowned for its commitment to its clients, unique culture and being at the cutting edge of innovation in the UK pensions industry. I look forward to building on these strong foundations as we tackle the UK’s savings challenge in the coming years.”
