As well as increasing the ownership stake, a change in several senior leadership positions was announced.

US-based Carillon Tower Advisers, which oversees $64.6 billion of client assets, has increased its ownership stake in ClariVest Asset Management, turning the latter business into a wholly-owned subsidiary of Carillon Tower’s affiliate, Eagle Asset Management.

ClariVest's chief compliance officer and general counsel, becomes president and the firm also announced other senior management changes.

The move follows Eagle’s purchase of an initial 45 per cent stake in ClariVest in 2012, Carillon said in a statement yesterday. (Carillon is part of the Raymond James group of wealth management businesses.)

Tiffany Ayres, who joined ClariVest in 2006 and serves as executive vice president, general counsel and chief compliance officer, becomes president. Ayres, along with David Vaughn, chief investment officer – non-US and global strategies, and Todd Wolter, chief investment officer – US and alternatives strategies, will be responsible for day-to-day management at ClariVest.

ClariVest, which has $7.3 billion in assets under management and was founded in 2006, provides investment services to clients including mutual funds and other pooled vehicles, corporate and public pensions, foundations, and multi-employer defined benefit plans.