MONEY MANAGEMENT

Hermes Investment Management brings on new head of consultant relations

Douglas Anderson was named head of consultant relations at Hermes Investment Management, said a spokeswoman.

Mr. Anderson replaces Jennifer Stillman, who joined Aviva Investors in September last year as global head of consultant relations.

Mr. Anderson is responsible for developing and maintaining relationships with consultants based in the U.K. and the rest of Europe for Hermes, which has £28.6 billion ($35.7 billion) in assets under management.

He will report to Mark Miller, head of U.K., Middle East and North Africa institutional business.

Mr. Anderson was previously head of consultant relations at Lazard Asset Management. A spokeswoman for Lazard was not able to comment about a replacement by press time.