Seven Investment Management (7IM) has hired Phillip Bungey as chief operating officer.

Bungey was previously chief operating officer at online investment firm Nutmeg. He will replace Hazel Paton at 7IM, who retired earlier this year.

Bungey previously worked with 7IM co-founders Justin Urquhart Stewart and Tom Sheridan at Barclays Stockbrokers in the 90s.

Sheridan said Bungey’s experience with up and coming companies such as Nutmeg would help 7IM develop its proposition.

Source:  CityWire (read full article here).