RIT Capital Partners, the investment trust started by Lord Jacob Rothschild, has announced that its Investment Director, Micky Breuer-Weil, has stepped down to start his own money management business, having been on the board since 1998; he will be replaced by Ron Tabbouche.
Tabbouche is joining the firm GAM, where until most recently he was Head of Investments. He was the youngest member of GAM's Investment Committee and spent several years working alongside Gilbert de Botton.
"He has built a considerable reputation at GAM and we greatly look forward to him becoming our Investment Director," RIT said.
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Ron will be a Director of RIT's operating subsidiary, J. Rothschild Capital Management Limited (JRCM), and a member of its investment committee.
The share price rose 0.08% to 1,223p by 13:07.
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