7IM loses second senior manager this year

Damian Barry exit follows departure of investment trust specialist Simon Moore

Seven Investment Management has sustained another departure as Damian Barry (pictured) becomes the second senior investment manager to leave this year.

A filing from Companies House reveals that Barry was no longer with the firm as of 30 January 2019.

Barry joined the wealth manager in 2015 after it absorbed Threadneedle’s £350m multi-manager range, which he ran alongside Giles Gilbertson. Barry’s funds were merged into 7IM’s multi-asset range.

Prior to that he worked at Russell Investments from the mid-90’s until 2008 where he was responsible for some of its fund-of-funds vehicles. He started his career as a currency trader for Allied Irish Banks in Dublin.

Barry’s departure follows a string of senior exits as 7IM merges its operations with Scottish boutique Tcam.

Senior shake-up

He is the second senior manager to leave this year behind investment trust specialist Simon Moore, who was reported to have departed in January.

Last November head of strategy David Carroll, one of the original seven founding partners of the business, also said goodbye to pursue other opportunities.

In 2018 7IM has also witnessed a changing of the guards with its chief investment officer role, installing Credit Suisse’s head of investment Martyn Surguy to replace interim CIO Ian Jensen-Humphreys. Surguy is the firm’s third CIO in a year after Chris Darbyshire was ousted due to “strategic differences”.

It also snagged Coutts’ head of investment strategy Terence Moll to become its chief strategist.

Portfolio Adviser is currently awaiting comment from 7IM.

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