Ardea CEO moves to CIO role

Ardea Investment Management co-founder and former chief executive officer, Ben Alexander, has moved into the role of chair and chief investment officer, a spokesperson for the firm has confirmed. The move follows an announcement by Ardea that co-founder Stephen Clout has been promoted to the top job.

Alexander said the promotion of Clout, who previously headed portfolio implementation and client relationships at the firm, would enable him and the rest of the investment team to maintain their full focus on investing, without being distracted by business management.

Ardea, a specialist fixed income investment management firm, was founded in 2008 and is owned by its staff in conjunction with Fidante Partners, the boutique investment management business of Challenger Limited.