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Mairs leaving FI&S to join Halifax asset arm

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

activities.

Mairs will report to recently appointed chief executive Douglas Ferrans.

He will be responsible for day-to-day operations and development of

Halifax&#39 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.”

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