One of the co-founders of Majedie Asset Management is retiring at the end of the year, with his firm again turning to Baillie Gifford for its latest hire, James Mowat, who is set to join as a client director.

Simon Hazlitt, a former army officer and international hockey player who was part of the Majedie founding team in 2002, is a client relationship manager at the firm, but will step down from the role at year-end, according to a September 20 client letter seen by Financial News.