Friends Ivory & Sime managing director of retail and institutional
business Gary Mairs has quit to join the Halifax as managing director of
its asset management business.
Mairs will be replaced at Friends by executive director Peter Arthur, who
will take the role of managing director as well as keeping responsibility
for development of the investment trust business.
FI&S chief investment officer Barry Sanjana, who joined the firm last
October, has been appointed to the board as an executive director. He has
responsibility for development and co-ordination of investment management
Mairs will report to recently appointed chief executive Douglas Ferrans.
He will be responsible for day-to-day operations and development of
Halifax' retail and institutional asset management divisions.
Halifax chief executive asset management Douglas Ferrans says: “With a
unique background in the multi-channel retail and institutional sectors as
well as experience of working successfully at senior levels in an
autonomous asset management company, Gary is ideally placed to help drive
this business forward.”
Friends Ivory & Sime chief executive Howard Carter says: “We look to Peter
to drive forward the strategic initiatives to which we are committed, to
leverage our success to date and to build a strong and profitable franchise
in both the retail and institutional sectors.”