Irwin Mitchell’s financial planning and wealth management business, IM Asset Management, has hired Stewart Sanderson as its chief executive officer.
He replaces current CEO Richard Pott, who has retired after leading the company for the past 20 years.
Sanderson joins Irwin Mitchell from Brooks Macdonald, where he was a senior director leading the UK private client proposition team for almost four years.
He has over 25 years’ experience of UK wealth management and previously worked at Seven Investment Management (7IM), Lloyds Private Banking and Coutts & Co.
Sanderson is also a Fellow of the Chartered Institute for Securities & Investment (Chartered FCSI).
Irwin Mitchell offers both legal and financial advice.
Irwin Mitchell Asset Management chair Simon Hynes said: “We want to thank Richard for his outstanding service to IM Asset Management. His legacy is in building the strong business we have today.
“Net Promoter Scores are truly impressive and the financial contribution to the Irwin Mitchell Group has become increasingly significant over Richard’s tenure. IM Asset Management colleagues and clients will certainly miss him, and we all wish him well in his retirement.
“Equally, Stewart has tremendous experience in growing private client businesses and his expertise will be invaluable as we seek to grow our share of the broader wealth-management market.”
Sanderson added: “It’s an exciting time to join IM Asset Management Limited. They have a strong flow of assets under management (AUM) coming into the business. The team has expanded in recent years through M&A activity and there is a great opportunity to bring all of our expertise together and grow the business significantly.”
Earlier in 2024, Irwin Mitchell’s also hired Lynzi Harrison as a non-executive director (NED). Previously Harrison worked for Old Mutual and LV=.
IM Asset Management has £1.2bn AUM.
Sanderson’s appointment is subject to regulatory approval.
