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Santander appoints CIO as Bearman leaves

Santander Asset Management has named Butterfield Bank’s David Stewart as its chief investment officer following the departure of John Bearman.

Stewart was group chief investment officer at Butterfield Bank, and previously head of investments at MGM Assurance.

Bearman left Santander to become chief investment officer at Thomas Miller Investment.

Thomas Miller Investment chief executive Mike Balfour says: “Thomas Miller Investment is in a very exciting stage of development, with a committed and structured platform for growth.

“Bearman’s appointment continues a phase of investment in new talent and improved integrated operational systems to help us provide greater added value for our clients.

“He is a significant appointment for the company and will allow us to develop our investment offering by enhancing our existing experience and expertise.”

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