Dalton SP founder Spence exits after 12 years

Magnus Spence, founder and CEO of Dalton Strategic Partnership (DSP), has left the firm after 12 years.

In correspondence seen by Investment Week, the chief executive said he is leaving the group to pursue a new project in the financial services industry. "The financial services industry is going through significant change, and there are many new and exciting opportunities," Spence (pictured) wrote. "Accordingly, I feel now is a good time for a new project; I remain very much involved in the sector and expect to re-emerge in the industry in the not-too-distant future." Spence founded DSP in 2002. Since then, the group has grown to $2bn in assets under management and has offices in Lo...