Hermes has added an experienced hedge fund executive to serve as its chairman.

Glyn Jones, who spend a few months in 2006 as CEO of Thames River Capital, and also oversaw the construction of a hedge fund boutique at Gartmore Investment Managers from 2000 until 2004, has joined the BT Pension Scheme-owned asset manager, succeeding Richard Bernays. Hermes has recently outlined plans to create a multi-boutique asset management stable, as well as for increased independence from the BT Pension.

“Glyn has strong tactical experience and will help us with our new strategy,” Hermes CEO Rupert Clarke said. “After his time at Thames River and Gartmore, he has a good perspective on the multi-boutique model—both the pitfalls and the bear traps.”

Jones left Thames River after just a few months when the hedge fund manager ditched plans to go public.