Update: Butterfield's Stewart takes CIO role at Santander

Butterfield Bank's David Stewart has been named as CIO at Santander AM following the departure of John Berman, who is moving to a similar position at Thomson Miller Investment.

Stewart was group CIO and senior vice president at Butterfield for three years prior to joining Santander Asset Management UK, having previously held a variety of roles including CIO at JM Finn & Co. "[David] will be a crucial addition to an investment team that we have built over the last few years," said Jeff Scott, chief executive at Santander AM UK. "The business has grown to a position where we look after over £20bn of customer assets, and we see David's experience as key to enhancing our retail and institutional aspirations as we look to build upon the investment in our UK fixed...