Jacob Rees-Mogg departs Somerset CM after Johnson's Cabinet appointment

Following appointment to government role

Jacob Rees-Mogg MP has left Somerset Capital Management, which he co-founded in 2007, following his appointment to a UK Government role this week.

Rees-Mogg, whose departure complies with the Minister's Code, was appointed as Leader of the House of Commons by Prime Minister Boris Johnson. FCA's Bailey remains frontrunner for BoE job despite testing few months Since his 2010 election to the HoC, he has not engaged in the day-to-day business of Somerset CM but has acted in an advisory role. During his nine years in Parliament, Rees-Mogg became a prominent supporter of Brexit, which he has previously claimed will be good for the UK funds industry as a result of regulatory independence. Partner at Somerset Capital Management O...