Seven Investment Management (7IM) has hired former Deutsche Bank Wealth Management head Martyn Surguy as its chief investment officer (CIO).
Surguy (pictured) takes over the role from senior investment manager Ian Jensen-Humphreys, who was acting CIO following the departure of Chris Darbyshire in December.
Darbyshire left the firm at the end of last year following a conflict over the future strategy of the business, including taking a more defensive position regarding investment.
Surguy joins the firm from Credit Suisse, where he spent four years as head of investment management at its UK division.
Prior to that spent he was chief investment officer for EMEA at Morgan Stanley Private Wealth Management, and he also spent 16 years at Deutsche Bank Wealth Management, where he was international CIO and head of UK portfolio management.
Surguy joins Terence Moll, who joined 7IM last month as chief strategist, at the firm, as well as Haig Bathgate, who became head of portfolio management following the firm’s acquisition of Edinburgh-based Tcam Asset Management.
Commenting on Surguy’s appointment, 7IM CEO Tom Sheridan said: ‘His multi-asset background is a perfect fit for 7IM, whilst his experience of also managing equity portfolio management teams will bring additional expertise.’
He added: ‘I would also like to thank Ian Jensen-Humphreys, whose excellent stewardship over the last year as acting CIO has given us the time and space to conduct a rigorous search and who remains a huge asset to our senior team.’
Surguy added: ‘Having spent most of my working life in the wealth management division of large integrated banks, the appeal of working for a smaller dedicated investment manager with a broad investment offering, was huge.’