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Square Mile appoints Mark Harries to new Chief Investment Officer role

12 Apr, 2021 | Return|

Despite the challenges of 2020, Square Mile has continued to grow across all areas of the business, and, as such, we have decided the time is right to appoint a Chief Investment Officer to oversee, lead and develop Square Mile’s investment proposition. We are delighted to confirm the appointment of Mark Harries to this role with immediate effect.

In this short video, Richard Romer-Lee, Square Mile’s Chief Executive Officer shares further details of this appointment, as well as the news that Jason Broomer, Square Mile’s Investment Director, has decided to take a career break. He will therefore be stepping down from his role and will leave the business on the 1st May. As a co-founder, he has played an important role and has been integral to Square Mile’s success and we wish him all the very best for the future.

The full press release can be found below.

In addition, Richard is joined by Steve Kenny, Chief Distribution Officer, who will introduce Mark and discuss his perceptions of the business and industry as Square Mile’s incoming Chief Investment Officer.

 

Full press release

Square Mile appoints Mark Harries to new Chief Investment Officer role

Square Mile Investment Consulting and Research (Square Mile) today confirms the appointment of Mark Harries as Chief Investment Officer, with immediate effect. In this new role, Mark will take responsibility for further developing the firm’s investment management services, its principles, process and procedures. Reporting to Chief Executive Officer Richard Romer-Lee, Mark will oversee the portfolio management team as well as playing a central part in Square Mile’s engagement with both existing and potential clients and assisting in new business generation.

Mark joins Square Mile with exceptional market experience drawn from a career spanning in excess of three decades in the investment industry. Most recently, he was Managing Director and Head of Investment at Ravenscroft Investment Management where he established the firm’s UK business, launching both funds and DFM solutions for intermediaries, and managing the top-performing Huntress Global Growth and Huntress Balanced funds. Prior to this, he was Investment Director and Head of Manager Selection at Aberdeen Asset Management, responsible for managing and advising on a book of more than £15bn across portfolios of funds, manager of manager mandates and retail risk-rated funds of funds.

Mark’s earlier roles include Investment Director and Head of Multi-Manager at Scottish Widows Investment Partnership, which saw him design the investment process and philosophy guiding the multi-manager division and manage the SWIP multi-manager fund range. He joined SWIP from Cazenove Capital Management where he was a Director and Head of Multi-Manager, and where he launched the first ever multi-asset, multi-manager fund in 2005. Previously, he was Vice-President and Head of Asset Management at Prudential Bache International Bank, an Investment Manager at ANZ Grindlays Private Bank and a Senior Unit Trust Administrator at Coutts & Co.

Richard Romer-Lee, Square Mile’s Chief Executive Officer, said, “We have seen tremendous growth across our investment management business as advisers seek to outsource this important element of their offering to trusted partners. It is essential that these services continue to develop to ensure they remain best in class whilst adhering to the very highest levels of governance. In appointing Mark to the new role of Chief Investment Officer, we aim to demonstrate that Square Mile takes its responsibility as a guardian of client assets extremely seriously and as being of fundamental importance to the business as a whole. As a pioneer in multi-asset and multi-manager investing, Mark has an unparalleled pedigree in designing, developing and executing investment solutions on behalf of clients and as CIO he will be pivotal in delivering the next stage of Square Mile’s growth.”

Mark Harries added, “I have followed the growth of Square Mile closely over the years and it is apparent that despite its relatively short history, it has become established as one of the leaders in its field, highly-regarded and trusted by asset managers and advisers alike. This is an exciting time to be joining the business and I look forward to adding my experience to an already impressive team of investment professionals.”

Jason Broomer steps downs as Investment Director

Square Mile confirms that Investment Director Jason Broomer has decided to take a career break. He has therefore stepped down from his role and will leave the firm on the 1st May 2021.

Richard Romer-Lee said, “As a co-founder of Square Mile, Jason has played an important part in its growth and has been integral to its success over the last seven years, during which time he has become a valued and trusted colleague and friend. We would all like to thank Jason for his invaluable contribution to the business and to wish him all the very best in his future endeavours.”

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