UK - Hermes has announced the appointment of Glyn Jones as chairman of Hermes following the retirement of Richard Bernays, 65, who stepped down after three and a half years of service.
He has previously been chief executive of Thames River Capital and chief executive of Gartmore Investment Management. He has also been chief executive of Coutts Group, the private banking arm of NatWest Bank, Hermes said.
Bernays said: "Having launched Hermes on its new strategic path, I am very pleased to be welcoming Glyn Jones on board as my successor.
"With his particular track record in developing specialist investment management businesses and leading strategic change, Glyn will provide invaluable counsel to Rupert Clarke and his executive team as Hermes develops its multi-boutique investment management activities."
Jones himself commented: "I am delighted to take on this role and have the opportunity to work with Hermes at such an exciting time in the development of the business.
"With an established track record for innovation and leadership, and its focus on specialist alpha investment areas, Hermes is well placed to continue to deliver strong performance for the BT Pension Scheme and grow its third party business."
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The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.