Hermes hires Ardevora’s Page in UK wholesale push

Hermes Fund Managers has appointed Rob Page as head of marketing and communications, along with four distribution directors as it seeks to expand its UK presence.

The institutional manager, which recently launched three Ucits funds to discretionary fund managers and multi-managers, has hired Clive Selman from Man Group as a business development director to lead its wholesale business in the UK.

Mr Page left Ardevora Asset Management earlier this week after less than 18 months in charge of the retail sales for the equity boutique founded by former Liontrust star managers Jeremy Lang and William Pattisson. He will join Hermes in September.

Alongside Mr Page and Mr Selman, Hermes has hired three new business development directors to lead distribution in wholesale and institutional markets in the US, UK and Europe.

Hermes is owned by the BT Pension Scheme and has £29.3bn under management. In April it opened its £175.4m Hermes UK Small & Mid Cap fund, £157.8m Hermes Japan Equity fund and £122m Hermes Sourcecap European Alpha fund to discretionary investors, as revealed by Investment Adviser. The funds also have share classes with £1,000 minimum investments.