Pacific Asset Management has hired former Somerset Capital partner Sebastian Stewart as a partner and head of US institutional business development.
He will be based in the London office and report to global head of institutional sales Mary Murphy. Stewart spent over a decade at Somerset Capital, joining the firm in 2012. He was a partner, head of client services and deputy head of marketing. Four Somerset Capital managers join Polen Capital after UK fund range takeover Somerset Capital, co-founded by Jacob Rees-Mogg and minister for investment Dominic Johnson, closed late last year after losing two-thirds of its assets after its largest investor, St James's Place, severed ties with the firm. At Somerset, Stewart was respons...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
