Former Hermes CEO joins First Base

The former CEO of Hermes Fund Manager, Rupert Clarke has joined residential development company First Base as chairman and shareholder.

Clarke joins the company as it looks to focus on securing private investment to capitalise on a potential upswing in the London residential property market.

Elliot Lipton, Managing Director of First Base, said: “The London residential market continues to demonstrate excellent growth potential and First Base is well positioned to capitalise on very healthy occupational demand for residential properties both to buy and to let.

“Rupert’s appointment represents our interest in working with investors to seize these opportunities. In addition, he brings invaluable independent insight and experience to support myself and the First Base team during a very strong period of growth for the business.”