FUND management industry veteran David Warnock, a co-founder of Edinburgh-based Aberforth Partners, has been appointed chairman of Merseyside firm Seneca Investment Managers.
Mr Warnock, who retired from Aberforth in 2008 after nearly two decades with the Edinburgh fund management house, highlighted Seneca Investment Managers' "big plans" as he was unveiled as chairman yesterday.
The recently-formed Seneca Investment Managers, part of Seneca Partners, last month announced the purchase of the Miton Capital Partners business from Miton Group for up to £6.4 million, a deal which brings with it about £450m of funds under management.
The Liverpool-based Miton Capital Partners business manages funds including Midas Income & Growth Trust, the CF Miton Distribution Fund and the CF Miton Diversified Growth Fund.
Seneca Partners was formed in 2010 by Ian Currie, Stuart Eaton and Alex Dymock to provide investment services to wealthy individuals and families in the UK, including entrepreneurs.
Mr Warnock, who has a portfolio of non-executive roles including directorships of Greenock-based packaging company British Polythene Industries and Standard Life European Private Equity Trust, said: "I am both privileged and excited to have been offered the role of chairman. Stuart has big plans for Seneca Investment Managers, and my role will be to help those plans come to fruition in the years ahead."
Mr Eaton, who previously held senior roles at Newton and Insight Investment Management and is chief executive of Seneca Investment Managers, said: "David is one of the most recognised people in the industry and it is a real coup to have him on board. Our goal is to turn Seneca Investment Managers into a leading brand within UK financial services and his experience, expertise and contacts will certainly make that a lot easier to achieve."
Mr Warnock, who worked with private equity company 3i and Edinburgh investment house Ivory & Sime before co-founding Aberforth, is also chairman of Troy Income & Growth Trust.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereComments are closed on this article