Michael Harris has left his role as president of Campbell & Company.
A spokesperson for the firm tells Profit & Loss that Campbell reached a mutual agreement with Harris to step down from his role in order “to pursue other opportunities”.
“We are genuinely thankful to Mike for his leadership and endless drive in all the roles he played at Campbell during his tenure. This change is a continuation of Campbell’s long running efforts to organise around investment research priorities, while streamlining other areas of the firm including operations and distribution. As part of this process we have flattened our reporting structure by eliminating the president position. The distribution and marketing teams now report directly to our CEO, Will Andrews. Our trading team now reports to our CIO, Kevin Cole,” says the spokesperson.
They add: “Campbell and Company is prepared for personnel changes in all areas of the firm, including senior management positions, and we are confident that this transition will not result in any detriment to our clients or employees. Our primary goal of providing our clients a superior risk-adjusted performance that is uncorrelated to traditional assets remains the same for all of us at Campbell, and we believe this change helps us to continue that focus going forward.”
Harris joined Campbell & Company in July 2000 and was appointed president in October 2012. He formerly held the positions of deputy manager of trading in 2004, director of trading in 2006, and was appointed to the firm’s investment committee in March 2010. Harris was also elected to the Board of Directors in 2012.
He previously worked as a futures and options broker for Refco Inc (NY) from 1999 to 2000 and within the sales and product development groups at Morgan Stanley Managed Futures from 1997 to 1999.