New City Initiative appoints new chairman
To replace outgoing Jamie Carter
New City Initiative (NCI) has appointed Nick Mottram as its new chairman, effective 1 December 2019.
Mottram, who is chairman and global and Asian equities fund manager at Dalton Strategic Partnership, succeeds Jamie Carter, chief executive of Oldfield Partners, who will remain on the board.
The boutique asset management think tank also announced Susannah de Jager will continue as deputy chairperson, and has been joined in the role by Sebastian Stewart, head of client services at Somerset Capital Management.
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Mottram started at Dalton Strategic Partnership in March 2010 and has previously held other senior investment roles, including founding partner at Origin Asset Management, head of equities at Investec Asset Management and global head of research at Schroder Investment Management.
He said: "Dalton Strategic Partnership has been a member of NCI for many years now and I have always been impressed by its focus and work. Jamie Carter has left NCI extremely well placed going forward and I would like to thank him for his leadership."
Mottram said he would be meeting with the membership and continuing NCI's work of promoting the interests of owner-managed firms.
"In these times of change, it is more important than ever that the boutique asset management industry is given a voice to help shape the debate around the future of financial regulation, as well as advocate the need for a competitive landscape," Mottram added.
Carter, the outgoing chairman of the NCI, said he had "no doubt" that Mottram "is the right person to chair the group as it builds on its successes to date".
NCI was founded in 2010 and is comprised of 46 independent asset management firms from the UK and the continent, managing approximately £500bn.
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