Baillie Gifford, the £48bn (€71.7bn) Edinburgh-based asset manager, has increased its partnership roster to 30 after promoting three staff members to replace two retiring executives.

Baillie Gifford, which is wholly owned and run by its partners, has appointed Lynn Dewar, Hamish Dingwall and Scott Nisbet to replace John Carson and Ross Lidstone. Carson and Lidstone will retire in April.