AssetCo has appointed Campbell Fleming as chief executive officer and to its board of directors.

Mr Fleming is chairman of the Big Exchange and a non-executive director of a number of private companies.

He was global head of distribution and marketing at Standard Life Aberdeen until September 2020. Prior to joining Aberdeen Asset Management in August 2016, Mr Fleming was chief executive – EMEA and global chief operating officer at Columbia Threadneedle investments. He has also worked as head of UK for JP Morgan Asset Management.

The firm previously announced to shareholders in March 2021 that Peter McKellar would become deputy chairman and chief executive officer of the company, but that a full-time chief executive would be hired at a future date, due to his other business commitments.

Following the arrival of a new chief executive officer, Mr McKellar will continue his role as deputy chairman and remain actively involved in the development of the company’s strategy.

Commenting on Mr Campbell’s appoinment, Martin Gilbert, chairman of AssetCo, said: “His experience and expertise within the asset and wealth management industry, together with his leadership qualities, means he is well placed to build on AssetCo’s strong foundations. The sector is facing numerous challenges, but the importance of the industry in enabling clients to achieve their financial goals is even great. Campbell shares our belief that AssetCo can play a key role by investing in, supporting and developing businesses to meet the needs of investors.”

Last month, Fundeye spoke with deputy chairman Peter McKellar and discussed his plans for the company and outlook on the current investment climate.