Hermes Names New Chair

Hermes, a UK pension fund investment manager owned by BT Pension Scheme, has announced the appointment of Glyn Jones as chairman, following the retirement of Richard Bernays, who steps down after more than three years in the position.

Jones was previously chief executive of Thames River Capital and Gartmore Investment Management. He has also been chief executive of Coutts Group, the private banking arm of NatWest Bank. Jones is currently chairman of Towry Law Grup, a UK wealth manager, and Aspen Insurance Holdings, a New York-listed global speciality insurer and re-insurer.

Hermes invests on behalf of more than 200 clients and has Gbp36.2bn under management.

Source: Thomson Merger News