Scottish multi-family office Callanish Capital has hired former 7IM and Investec wealth management veterans Peter Sleep and David Kerr as investment directors.
Based in London, Sleep (pictured) will join Callanish co-founder Oliver Murray and trainee investment manager George Angier to build out the firm’s investment process and research capabilities.
ETF Stream revealed Sleep departed 7IM in April after 17 years as a senior investment manager.
During his tenure, Sleep founded 7IM’s asset allocated passive (AAP) range, which grew to house $2.7bn assets under management (AUM) across six portfolios at the time of his departure.
He was also the lead portfolio manager on 7IM’s discretionary fund management (DFM) passive range, housing almost $800m AUM.
Sleep departed two months after Ontario Teachers’ Pension Plan Board completed its acquisition of a majority stake in 7IM.
Previously, he spent two years as an analyst at MF Global and 13 years in analyst and portfolio management roles at Citi.
Based in Glasgow, Kerr will join Callanish Capital on 22 July, work alongside investment director and co-founder Laura Kyle and will be responsible for shaping the firm’s investment process, managing client portfolios and conducting investment research.
Kerr departed Investec Wealth & Investment in May after a decade as senior investment director at the firm.
Investec W&I was combined with Rathbones in September last year.
Previously, Kerr spent almost 13 years in portfolio manager roles at Barclays Wealth.
Murray commented: “It is testament to the company’s vision that we have been able to agree terms with two highly respected figures in the industry and we see David and Peter as key players in our continuing growth story.
“I have every confidence they will be instrumental to our success as we strive to achieve the best possible outcomes for our clients.”
Sleep said he was “delighted” to be joining the “entrepreneurial culture” at Callanish and helping to deliver consistent long-term returns for clients.
Kerr added the firm’s “independence and owner-managed structure” would play a key role in delivering positive outcomes for clients.
Callanish has amassed £250m AUM from high-net-worth families and individuals since coming to market in 2021.
Murray and Kyle founded the firm three years after their former employer, Tcam Asset Management, was acquired by 7IM.
