Lansdowne Partners, one of Europe’s oldest and most influential hedge funds, will get its first female CEO later this year — one of the very few in the industry — in a management overhaul that will also see the exit of chairman Stuart Roden.

Suzi Nutton, chief operating officer at the $21bn hedge fund, will take on the top job on September 3, the firm said in a statement. Lansdowne has not had a formal CEO role since previous incumbent, Alex Snow, left in early 2017. Since then it has been managed by its senior partners.