Former Hermes head joins London property developer

Chairmans roomThe former chief executive of Hermes Fund Managers who left earlier this year has become chairman of a London residential development company. Rupert Clarke was with Hermes Fund Managers, which is owned by the British Telecom pension fund, for eight years and has a background in real estate. First Base says Clarke has become a shareholder as the firm focuses on securing private investment to “capitalise on the upswing in the London residential market”. Clarke was at Hermes from 2004 to 2012 where he was head of real estate and then overall chief executive of the business. Prior to that he was an international director and chief executive of Jones Lang LaSalle Corporate Finance, a real estate corporate finance advisor in the UK and Europe.  Founded in 2002, First Base is a privately owned company and is currently invested in a number of private and social residential developments in London. ©2012 funds europe

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