The new partners are Spencer Adair, an investment manager in the global alpha team, Kathrin Hamilton, director in the asset manager’s clients department, and Graham Laybourn, director of legal and regulatory risk. The trio will join the company on 1 May 2013.

After the retirement of Angus McLeod, director in the Clients Department responsible for clients in Asia and the Middle East, the total number of partners will be 39 from 1 May 2013.

Andrew Telfer, joint senior partner, said: "Our focus on generating superior long-term investment results for our clients and the delivery of excellent service continues to be the bedrock of our own growth in terms of clients, staff, and Partners. At a time of widespread pessimism about the outlook for global growth, we are finding many attractive investment opportunities around the world. The appointments of Spencer, Kathrin and Graham to the partnership will help us to continue to capitalize on these opportunities for the long term benefit of our clients."

Based in Edinburgh, Baillie Gifford was established in 1908 as an asset management firm. The company employs 752 people and has assets under management of GBP85 billion as at 31 December 2012.

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