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7IM confirms new CEO after Tom Sheridan departure

Business-General-Handshake-Hire-Appointment-700x450.jpgThe FCA has approved the appointment of former Barclays managing director Dean Proctor as chief executive of Seven Investment Management.

Proctor replaces Tom Sheridan who announced his departure from the firm in March after 17 years.

7IM, which launched as a discretionary fund manager in 2002, currently has £14bn in assets under management and also provides technology and service solutions.

Proctor says: “The FCA approval is an important milestone and one of many that over the next few months and years that will demonstrate our commitment to continue to partner and grow with our clients.

“The focus for me and my team, is to now build upon this solid foundation, imagine and position ourselves for the future given the constantly changing landscape.”

In the last year, 7IM has made a number of new moves including an entry into the Sipp market, the acquisition of Edinburgh-based discretionary fund manager Tcam, and has also cut platform fees for clients on its platform.

Proctor says: “In the short time I’ve been at 7IM it’s become apparent that we have the foundations of a great business with many strong capabilities and solutions.

“We are focused on delivering on our commitments through innovative, customer-centric solutions and services to both our advisory partners and private clients.”


Aviva to fine tune platform drawdown features over summer

Aviva says it is focused on the completion of drawdown and investment features on its platform over the summer. Head of platform propositions Mike Hogg shed light on how developments at the platform are progressing in an interview with Money Marketing. He says the provider has been working on the improvement of drawdown functionality, investment […]


City banks continue to lead salary race

Major city banks remain at the top of the pecking order when it comes to salaries, but the likes of Facebook and other technology companies are also moving up the list. According to data from job search website Glassdoor, Credit Suisse topped the list of the UK’s highest-paying companies, with Deutsche Bank coming in third, […]

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Mobius investment trust pivots away from China

Emerging markets veteran Mark Mobius has reduced the exposure to China in his recently launched investment trust, favouring South Korea as a region. The latest factsheet for the trust released today shows that South Korea is now the largest geographic weighting at 14.5 per cent, with China dipping to third at 12.7 per cent. India’s […]

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Alistair McQueen: Forcing ageing issues into the political spotlight

Lessons can be learned from environmental activists in attracting serious attention What keeps you awake at night? This is a question opinion pollsters at Ipsos Mori have been asking for decades and share the findings of in their monthly Issues Index. It offers a fascinating insight into the minds of the public. According to the […]


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