Saracen Fund Managers, an Edinburgh-based investment firm, has appointed Jamie Matheson as its new chairman, replacing Jim Fisher.

Prior to joining Saracen, Matheson served as executive chairman of Brewin Dolphin Holdings for eight years. He stepped down as chair of Brewin Dolphin in March last year.

Additionally, Fisher, current chairman and Saracen founder, will continue to remain at the firm as a director.

Graham Campbell, CEO of Saracen, said: "Saracen is an ambitious company aiming to deliver outstanding service and consistent investment returns for our clients. Jamie will be invaluable in helping to develop and grow our business in the years ahead".

Matheson added: "The industry has changed dramatically over the past few years and with this brings opportunities. Saracen has the team and strategies in place to take advantage of these. I have known the team, including Graham, Jim, Scott and Craig for many, many years and I am now delighted to be able to work with them during this next stage of growth."

Jim Fisher said: "I am delighted to hand over the chairmanship to Jamie for the next stage of Saracen’s development."

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