Saker Nusseibeh this week became the permanent chief executive of the fund manager, following an external search process, the company said.

Nusseibeh had served as interim chief executive of Hermes since November, when former chief Rupert Clarke departed after three years in charge.

Nusseibeh joined Hermes in June 2009 as head of investment to drive and support the investment capabilities of the firm. He is to remain in charge of the firm’s investment office, while his team will take on increased day-to-day responsibility and report directly to him as chief executive.

Prior to his time at Hermes, Nusseibeh had been global head of equities at Fortis Investments and a member of its management committee. He first joined Fortis in the US in 2005.

Source: Financial News. Read full article here.