Hermes Investment Management has appointed Ian Kennedy as Chief Operating Officer.
Based at the company’s headquarters in London, Kennedy will report into Chief Executive Saker Nusseibeh, and will form part of the Hermes Executive Committee and Board.
He has over 20 years experience in wealth management, private banking and brokerage. In 2009 he was appointed Interim Chief Executive at Fortis Private Banking steering the business through its sale to BNP Paribas Wealth Management where he then became Chief Operating Officer and Chief Financial Officer of BNP Paribas UK Wealth Management.
In 2012, Kennedy co-founded Investment Financial Services LLC in Dubai, one of the earliest firms in the UAE to be approved for investment advisory business activities by the Securities and Commodities Authority in Abu Dhabi.
Under the leadership of Saker Nusseibeh as CEO and with Harriet Steel as Head of Business Development, Hermes has significantly increased its third party assets, from 8% of revenue in January 2012 to approaching 40% as at December 2014.
Saker Nusseibeh, Chief Executive, Hermes Investment Management, said: “Hermes is an ambitious firm committed to being the industry leader in generating sustainable risk-adjusted alpha, responsibly. Ian will lead central services and ensure that, as with investment and business development, they continue to exhibit both excellence in their delivery and responsibility in their methodology so that as a company we can serve our owners, clients and fellow employees by achieving our targets.
“Given the depth of his experience, I am sure that Ian will contribute both to our value of innovation and to the formulation of our strategy.”
Ian Kennedy, Chief Operating Officer, Hermes Investment Management, said: “I have long admired Hermes’ record of impressive investment performance and emphasis on responsible capitalism.
“It is a pleasure to be joining an organisation that is genuinely forward thinking and I am looking forward to working closely with Saker, Harriet Steel and Chris Taylor on the Executive Committee to further develop the business.”