Boutique asset management think tank Independent Investment Management Initiative (IIMI) has refreshed its board by appointing several new members alongside naming Sebastian Stewart (pictured) as chair.
Stewart was appointed deputy chair in 2019 after serving as a board member for two years. He is also head of client services at Somerset Capital.
Known as the New City Initiative until April 2021, IIMI’s membership includes 40 independent asset managers across the UK and Europe with a collective £500bn in client assets.
The think tank has also set out its core aims, which include shaping a regulatory environment that supports boutiques and encourages competition, promoting the strengths of boutiques and facilitating commercial opportunities for members while driving best practice across its membership.
Stewart said: “I’m delighted to take over from Nick Mottram as chair after his successful three-year tenure. The IIMI was established to give a voice to boutique asset managers’ interests and help shape the debate on financial regulation and best practice. It is as important as ever that we support the crucial role specialist asset management plays in the financial services sector in the UK and globally.
“I look forward to working with my colleagues on the board to build on the excellent work of my predecessors while bringing fresh perspectives to the organisation. We are committed to supporting entrepreneurial specialist asset management firms, which are increasingly important in an industry dominated by global financial giants.”
Under Stewart, the makeup of the newly-appointed board is as follows:
- – Rose Beale, responsible investment lead at Findlay Park
- – Daniel Pinto, CEO of Stanhope Capital
- – Charles Scott Plummer, head of institutional solutions at Waverton Investment Management
- – Charlotte Yonge, fund manager at Troy Asset Management
- – Dan Brocklebank, head of UK at Orbis Investments
- – Edward Guinness, CEO of Guinness Global Investors
- – Nicole Harrington, COO of Evenlode Investment Management
- – Philip Reed, general counsel at Independent Franchise Partners
- – Helme Harrison, head of distribution at Tellworth Investments
- – Sondre Myge, head of ESG at Skagen Funds
- – Toby Illingworth, executive director of the IIMI
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