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Ex-Sanlam Four boss to run Beaufort DFM

Ex-Sanlam Four boss to run Beaufort DFM

The Beaufort Group has appointed Derrick Dunne as chief executive of its discretionary fund management arm.

Before joining Beaufort Investment Management, Mr Dunne was most recently chief executive of Sanlam Four, which he founded in 2006.

Simon Goldthorpe, executive chairman of the Beaufort Group, said: "We are delighted to appoint someone of Derrick's calibre and experience.

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"Beaufort Investment has grown its funds under management significantly and now has approaching £1bn in funds under management.

"We provide financial advisers, both within the Beaufort Group and external IFAs with excellent service and leading-edge investment propositions.  We look forward to developing the business with Derrick."

Mr Dunne began his career at Russell Investments in 1990, moving to Stamford Associates in 1994 and then Mercer in 1998.

He then went on to build Attica MM from 2000, which was bought by American Express, before founding Four Capital Partners, which was later bought by Sanlam.

He left Sanlam Four in October 2016 when Alfio Tagliabue was appointed as chief executive as part of a wider management shake up within Sanlam, prompted by the appointment earlier that year of Jonathan Polin as chief executive.

Mr Dunne said: "The Beaufort Group is a great company with a culture that puts the client first. I look forward to working with my new colleagues and to developing our funds and investment services to the benefit of our partner advisers and their clients.

"There are many challenges and opportunities ahead for the wealth management industry. We want to be at the forefront of developments. The group has ambitious growth plans and Beaufort Investment will be a key component in this."

damian.fantato@ft.com