Seneca Investment Managers has appointed David Thomas as Director and Chief Executive Officer* and promoted Peter Elston to Chief Investment Officer.
David Thomas joins from Momentum Global Investment Management, where he was head of the UK Retail business, global client services and marketing. Thomas was tasked with the implementation of the long-term strategy for the UK retail market and was responsible for initiating and exploring acquisition opportunities.
Peter Elston, who joined Seneca IM in November last year as Global Investment Strategist, having formerly been Head of Asia Pacific Strategy and Asset Allocation at Aberdeen Asset Management, steps up to the role of Chief Investment Officer.
Since joining Seneca IM Elston has deployed his skills and experience to further strengthen the Seneca IM investment process and has played a significant role in the asset allocation and regional spread of the two Seneca IM multi-asset OEICs and the Seneca Global Income & Growth Trust plc.
Ian Currie, Chairman of Seneca IM commented:
“We are delighted that Seneca IM will benefit from such tremendous strength and experience with the appointment of David as CEO and Peter’s promotion to CIO. Seneca IM is committed to becoming a leading name in fund management, and David will provide leadership and positioning for the business. Peter’s promotion to CIO acknowledges the leading role he plays in the Seneca investment proposition. He will be at the centre of our aim to preserve and extend our clients’ hard earned capital and his wealth of experience has already enabled us to further strengthen our investment process.”
*Subject to FCA approval
This news piece does not constitute investment, legal, tax or other advice nor is it to be relied on in making an investment or other decision. This news piece is not a solicitation, offer or recommendation to acquire or dispose of any investment or to engage in any other transaction. Seneca Investment Managers is authorised and regulated by the Financial Conduct Authority. FP14/39.