Mercury Veteran to Chair ₤ 5bn Financial Investment Store

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This news item was originally published here.

Among the initial line-up of senior supervisors at Mercury Asset Management– the storied City financial investment company of the 1990s– has signed up with the board of a ₤ 5bn shop.

David Rosier will use up the function of non-executive chairman at Waverton Investment Management in September. It is the most recent function in a 40-year profession that has consisted of functions at a few of London’s best-known fund supervisors.

Rosier started his profession in the 1980s at the financial investment banking company SG Warburg and later ended up being head of UK institutional sales at its fund management business Warburg Investment Management, which was later noted on the London Stock Exchange and relabeled Mercury Asset Management.

Rosier turned into one of Mercury’s founding directors and stayed with the group following its 1997 acquisition of Merrill Lynch, after which he ended up being chairman of personal financiers at Merrill Lynch Investment Management as well as rested on its executive committee.

MLIM notoriously dealt with legal action from among its customers, the Unilever pension plan, in 2001 over claims it had “negligently” handled the plan’s money in between 1997 and 1998. The trial ended when MLIM accepted pay Unilever’s pension plan around ₤ 70m in a last, out-of-court settlement.

In 2003, Rosier ended up being a founding partner of wealth management store Thurleigh Investment Managers and later signed up with the board of Threadneedle Asset Management.

Waverton, which has ₤ 5.2 bn of possessions under management, was initially established as JO Hambro Investment Management. After its acquisition by Credit Suisse in 2001 it was relabeled Waverton and in 2013, it was offered to Bermuda National Limited and its existing management group. In 2015, it designated Andrew Fleming as its president.

Rosier stated in a declaration: “Waverton has enthusiastic development strategies along with especially strong governance and the mix of these, together with the quality of individuals and the Waverton culture, was a genuine draw.”