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Murray resigns from Beaufort CEO role

Murray resigns from Beaufort CEO role

Stewart Murray has resigned from his role as chief executive of Beaufort Investment Management and left the company.

Mr Murray was appointed chief executive in April having joined Beaufort in August 2016 as joint chief investment officer with Stephen Watson.

Mr Watson stepped down from this role to become a non-executive director of parent company, the Beaufort Group, when Stewart Murray was appointed chief executive.

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Mr Watson, who is also head of the investment governance committee, is taking temporary charge as chief executive until the company finds a replacement for Mr Murray.

Simon Goldthorpe, Beaufort Group executive chairman, said: “Stewart Murray has left Beaufort Investment Management to pursue other opportunities. We wish him all the best in his future endeavours.”

Little further information has been forthcoming, but someone familiar with the situation said: "The appointment didn’t really work out.”

Before joining Beaufort Mr Murray was a former head of equities at Rowan Dartington. He had also worked for Munros Capital Management.

When he was appointed chief executive of Beaufort Investment Management two months ago Mr Murray said: "There are significant opportunities for a progressive DFM like ours.

"I have been most impressed with the robustness of the systems and controls and our investment process which has delivered a strong long-term track record of investing.”

dan.moore@ft.com