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Aberforth co-founder Warnock joins Seneca as chairman

Aberforth co-founder Warnock joins Seneca as chairman

Seneca Investment Managers, which recently acquired Miton Capital Partners, has named David Warnock as chairman.

Warnock co-founded Aberforth Partners, retiring from the group in 2008 after a 19 year tenure. Prior to that he worked at Ivory & Sime plc for four years and, before that, he was at 3i Group for seven years, the last four of which were in Boston, USA.

He is also chairman of the Troy Income & Growth Trust as well as holding non-executive directorships at British Polythene Industries and Standard Life European Private Equity Trust.

Stuart Eaton, Seneca's chief executive officer, said: 'David is one of the most recognised people in the industry and it is a real coup to have him onboard.

'Our goal is to turn Seneca Investment Managers into a leading brand within UK financial services and his experience, expertise and contacts will certainly make that a lot easier to achieve.”

Warnock added: 'I am both privileged and excited to have been offered the role of chairman. Stuart has big plans for Seneca Investment Managers and my role will be to help those plans come to fruition in the years ahead.'

The asset management firm is part of Seneca Partners and is headquartered in Merseyside. It was founded in 2010 by Ian Currie, Stuart Eaton and Alex Dymock.

The group acquired Miton’s Liverpool fund business, which had £466 million in assets, at the end of January for up to £6.4 million, and manages a number of specialist investment funds and its clients are primarily entrepreneurs and family offices.

The group has offices in Leeds, Birmingham and Manchester.

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