Irwin Mitchell’s financial planning business, IM Asset Management, has appointed Stewart Sanderson as CEO.
Following the retirement of current CEO, Richard Pott, Sanderson will take over the position at IM Asset Management after regulatory approval.
Sanderson joins IM from Brooks Macdonald where he acted as senior director, led the UK Private Client proposition, and advised clients on their broad wealth management needs.
He has over 25 years’ experience of UK wealth management, gained at institutions such as Seven Investment Management, Lloyds Private Banking, and Coutts and Co.
Additionally, Sanderson holds several industry qualifications, is a fellow of the Chartered Institute for Securities and Investment, and is a recommended wealth manager in the Spears 500 guide.
Sanderson said: “It’s an exciting time to join IM Asset Management Limited. They have a strong flow of AUM coming into the business.
“The team has expanded in recent years through M&A activity and there is a great opportunity to bring all of our expertise together and grow the business significantly.”
IM Asset Management has around £1.2bn assets under management with clients including those who have received damages following serious injuries as well as high net worth clients from sporting and business backgrounds.
Sanderson will replace Pott who has led IM Asset Management for 20 years and was “instrumental” in growing the business.
IMAML chair, Simon Hynes, said: “We want to thank Pott for his outstanding service to IM Asset Management.
“His legacy is in building the strong business we have today. Net Promoter Scores are truly impressive and the financial contribution to the Irwin Mitchell Group has become increasingly significant over Richard's tenure.
“IM Asset Management colleagues and clients will certainly miss him, and we all wish him well in his retirement.”
This announcement follows IM Asset Management Limited appointing Lynzi Harrison as a non-executive director back in January.
Harrison brings with her a great deal of experience, having worked in leadership and board level roles within large corporates and mutual/friendlies for over 25 years.
tom.dunstan@ft.com
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