I am proud of Polar Capital’s achievements in a year that challenged the asset management industry, particularly active equity asset managers. We navigated macroeconomic turbulence and delivered on key strategic goals – broadening our investment strategies and client reach – all while staying true to our active management DNA and performance led culture.
Looking forward, I will hand over leadership to a long-standing colleague, Iain Evans, who has been Global Head of Distribution at Polar Capital for the past two decades during which he has been responsible for the incredible diversification and growth of the distribution footprint. Given the diverse range of differentiated investment strategies and the solid leadership foundation, I am confident that Polar has the attributes to continue to prosper and grow.
It has been a privilege to have led Polar Capital through this challenging eight-year period and to have worked with amazing colleagues in a firm with a strong culture that is focused on outcomes for clients and shareholders.
Polar Capital Holdings plc
Group Audited Results for the Twelve Months Ended 31 March 2025
Watch Gavin Rochussen, Chief Executive Officer, Samir Ayub, Chief Financial Officer, Sandy Black, Chief Investment Officer, and Iain Evans, Global Head of Distribution, present Polar Capital Holding’s full year results for the year ended 31 March 2025.
After eight years as Chief Executive, successfully leading the Group through a number of external and market-related challenges, including Brexit and Covid, Gavin also announces his intention to retire in September 2025. Following a detailed global executive search process, supported by an external adviser, and that considered both internal and external candidates, the Board is pleased to announce the appointment of Iain Evans as CEO Designate. Iain, who has led the distribution and marketing teams and helped build out the client base beyond the UK at Polar Capital for the past 20 years, is expected to assume the role of CEO in September 2025, subject to FCA approval.
£21.4bn
AuM (31.03.25)
£22.6bn
AuM (20.06.25)
£51.6m
Statutory profit before tax
£56.7m
Core operating profit†
53.5p
Adjusted diluted total EPS†
32.0p
Second interim dividend per share
46.0p
FY total dividend per share
† The non-GAAP alternative performance measures shown here are described and reconciled to IFRS measures in the Alternative Performance Measures (APM) section of the RNS.
