Merck Mercuriadis has stepped down from his role as chief executive of Hipgnosis Song Management to assume the role of chair at the firm.
In a statement today (2 February), the investment adviser to London-listed Hipgnosis Songs Fund (SONG) said Ben Katovsky, currently HSM's president and chief operating officer, will replace Mercuriadis as CEO. HSM said it had requested the board of SONG to approve the planned transition "as a matter of prudence". As chair, Mercuriadis will continue to "devote the majority of his time" to HSM, the firm said, which will involve leading engagement with songwriters, artists and the music industry, and generate opportunities to increase consumption and enhance the value of its portfolio. ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
