Somerset Capital Management has appointed a new CEO to take the spot of its co-founder Dominic Johnson, as he accepts a ministerial role.
Robert Diggle has been promoted from chief operating officer in a move Somerset said was triggered by Johnson's government appointment. Johnson has been made minister of state jointly in the Department for International Trade and the Cabinet Office. The notice was published on the government website early on Sunday (2 October) morning. Along with the new role, Johnson has been made a life peer and will sit in the House of Lords. Johnson's government ambitions had been rumoured in recent weeks, along with potential plans to sell the business he co-founded with the current business s...
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