Derrick Dunne - the founder and former head of Sanlam Four - has been hired as chief executive of Beaufort Investment subject to FCA approval.
Dunne began his career at Russell Investments in 1990, moving to Stamford Associates in 1994 and then to Mercer in 1998. He subsequently went on to build Attica Asset Management in 2000, a business which was acquired by American Express, before founding Four Capital Partners, which was later acquired by Sanlam.
Beaufort Group executive chairman Simon Goldthorpe said: "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: "I look forward to working with my new colleagues and to developing our funds and investment services to the benefit of our partner advisers and their clients.
"There are many challenges and opportunities ahead for the wealth management industry. We want to be at the forefront of developments. Andrew Bennett and Shane Balkham have established a performance measured and impressive track record and we will build on this."
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