The bald truth about Rathbones

"It's not true that you need to be bald to get on the board of Rathbone Brothers, but it helps." So says Andy Pomfret, who was promoted from finance director to chief executive at the private-client UK investment manager at the beginning of October, replacing Roy Morris. Pomfret was speaking at a Private Asset Management Conference in London alongside similarly bald colleague Richard Lanyon who heads investment management. The double act discussed the UK strategy and the push in the unit trust management business, which will contribute to group profits for the first time this year.