Redington CEO Mitesh Sheth steps down after five years in role

08 December 2021 Consultancy.uk 2 min. read
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Having spent the last five years as CEO of Redington, Mitesh Sheth has stepped down from the role. Under his guidance, the firm’s headcount has exploded, while its assets under advice has grown by hundreds of billions.

Commenting on his departure in a LinkedIn post, Sheth noted, “As you can imagine this has been a really difficult decision to make. I have loved serving our people, our clients and our industry over these past few years. However, I had always intended to review the position after five years and this is the right time for me to handover the reins and explore new opportunities.”

Founded in 2006 by Robert Gardner and Dawid Konotey-Ahulu, Redington is an independent investment consultancy, working with pension funds and other long-term savings institutions to solve their pressing challenges.

Mitesh Sheth, Former CEO, Redington

Sheth has been with the firm for eight years, and became CEO in 2016. Since then, he and the leadership team have successfully overseen Redington’s transition from a founder-led start-up to a management-led, private equity backed business advising over £600 billion in assets, taken the business into new channels and markets, and grown the company from 79 to over 200 employees.

To that end, Sheth added, “I’m delighted to be leaving the business in a great place, following successful delivery of our business plan in 2021 and with an exciting strategy ahead and I look forward to celebrating its successes in the future.”

As the search for a new CEO gets underway, Zoe Taylor has stepped into the role on an interim basis, supported by the rest of the leadership team and Chair, Kathryn Purves. Having worked closely with Sheth as Deupty CEO since 2021, Taylor was previously also a key player in the formation of the long-term vision for the firm, since joining in 2017.

While a number of other senior employees will be vying for the role, this likely marks her out as a favourite for the job. An external search for the role will also be undertaken.

Speaking on the changes, Kathryn Purves, Redington Chair, meanwhile stated, “On behalf of the board, I would like to thank Mitesh for his hard work, personal commitment and dedication to Redington over the past eight years, in particular for his leadership of the firm as CEO since 2016. We wish him well and every success for the future.”