New City Initiative appoints new chairman

New City Initiative (NCI), a boutique asset management think tank, has appointed Nick Mottram as Chairman, effective 1 December 2019. Nick succeeds Jamie Carter, CEO of Oldfield Partners, who will remain on the board.

Susannah de Jager continues as Deputy Chairperson, and has been joined in the role by Sebastian Stewart, Head of Client Services at Somerset Capital Management.

Mottram is the Chairman and Global & Asian Equities Fund Manager at Dalton Strategic Partnership, having joined the firm in March 2010. He has over 30 years of investment experience, with other senior roles including Founding Partner at Origin Asset Management, Head of Equities at Investec Asset Management and Global Head of Research at Schroder Investment Management. Mottram is a Chartered Accountant and has a degree in English from the University of Kent.

Sebastian Stewart is a Partner at Somerset Capital and Head of Client Services, having joined the firm in 2012. He graduated from the University of Edinburgh with a first class degree in Mathematics and Business Studies and is a CFA charterholder.

Founded in 2010, NCI speaks for owner-managed firms concerned with the alignment of interests with clients, and aims to offer an independent, expert voice in the debate over the future of financial regulation and competition.

Mottram, newly appointed Chairman of NCI, says: “Dalton Strategic Partnership has been a member of NCI for many years now and I have always been impressed by its focus and work. Jamie Carter has left NCI extremely well placed going forward and I would like to thank him for his leadership.

I look forward to meeting with the membership and continuing NCI’s work of promoting the interests of owner-managed firms. In these times of change, it is more important than ever that the boutique asset management industry is given a voice to help shape the debate around the future of financial regulation, as well as advocate the need for a competitive landscape.”

Jamie Carter, outgoing Chairman of the NCI, says: “It has been a privilege to serve as NCI’s Chairman and I would like to thank the rest of the team for their ongoing support during my tenure. I am delighted with the progress we have made, notably the recent launch of NCI Singapore. Nick has long been a champion of NCI’s work and I have no doubt that he is the right person to chair the group as it builds on its successes to date.”