Beaufort Investment Management has appointed the former chief executive of Sanlam Four Derrick Dunne as its new head.
The company, which is now approaching £1 billion in funds under management, lost its chief executive Stuart Murray last year only after two months in the role.
Dunne was one of the co-founders of Four Capital Partners, which later became Sanlam Four following its acquisition by Sanlam. He started his career in 1990 at Russell Investments. Following that he had stints at Stamford Associates, Mercer and Attica MM.
He left Sanlam Four in 2016.
Simon Goldthorpe (pictured), executive chairman of the Beaufort Group said: 'We are delighted to appoint someone of Derrick’s calibre and experience. Beaufort Investment has grown its funds under management significantly and now has approaching £1billion in funds under management.
‘We provide financial advisers, both within the Beaufort Group and external IFAs with excellent service and leading-edge investment propositions. We look forward to developing the business with Derrick.’
Dunne added: ‘There are many challenges and opportunities ahead for the wealth management industry. We want to be at the forefront of developments. The Group has ambitious growth plans and Beaufort Investment will be a key component in this.’