Stewart Sanderson has been appointed as the new CEO of IM Asset Management Limited, taking over from Richard Potts.
- Stewart brings over 25 years of wealth management experience, having previously worked with Brooks Macdonald, Seven Investment Management LLP, and others.
- Richard Potts, who led the company for 20 years, has retired after helping grow the firm to approximately 75 employees.
- Simon Hynes, chair of IM Asset Management, lauds Richard’s contributions and expresses confidence in Stewart’s ability to expand the business.
- Stewart expresses enthusiasm about the opportunities for growth at IM Asset Management, particularly through recent M&A activities.
Irwin Mitchell’s financial planning division, IM Asset Management Limited, has announced the appointment of Stewart Sanderson as the new chief executive officer, succeeding Richard Potts, who retired after a distinguished tenure of two decades. Sanderson’s leadership role is pending regulatory approvals.
With extensive industry experience exceeding 25 years, Sanderson transitions from Brooks Macdonald, where his role as senior director involved leading the UK private client proposition and advising significant clients on diverse wealth management matters. His career is marked by his engagement with reputable institutions such as Seven Investment Management LLP, Lloyds Private Banking, and Coutts & Co. Additionally, Sanderson has successfully established and led private client businesses across major financial centres including London, Edinburgh, and Jersey.
Sanderson holds several industry qualifications and enjoys recognition as a fellow of the Chartered Institute for Securities & Investment (Chartered FCSI). His expertise is further acknowledged in the Spears 500 guide, which lists him as a recommended wealth manager.
During his 20-year leadership, Richard Potts was pivotal in advancing IM Asset Management from a modest start-up to a firm comprising approximately 75 colleagues. His tenure was marked by significant growth and a strong financial performance, evidenced by impressive net promoter scores and a notable financial contribution to the Irwin Mitchell Group.
Simon Hynes, chair of IM Asset Management, expressed gratitude for Potts’ dedication and contributions, highlighting the marked success and solid foundation left by him. Hynes also expressed optimism regarding Sanderson’s capacity to drive further business development and capture a greater market share in wealth management, leveraging his extensive expertise.
In response to his new role, Sanderson remarked on the exciting prospects that lie ahead for IM Asset Management. He noted the robust flow of assets under management entering the business and acknowledged recent team expansions through mergers and acquisitions as a fertile ground for leveraging collective expertise to achieve substantial growth.
Stewart Sanderson’s appointment heralds a promising new chapter for IM Asset Management, capitalising on previous successes while pursuing ambitious growth strategies.
