Revealed: Tom May replaces Tony Stenning as Atlantic House Group CEO
Tom May has replaced Tony Stenning as chief executive at Atlantic House Group, Citywire Wealth Manager can reveal.
According to the firm, Stenning (pictured) is stepping down to take the career break he had planned when he joined the firm in 2019 as a non-executive director. He became CEO in July 2020.
Stenning, who had spent 16 years at BlackRock before joining the defined-returns investment specialist, oversaw the firm’s transition from a partnership, attracting several experienced shareholders, including former Framlington boss Mike Vogel, to support its growth ambitions. The firm oversees about £2bn in assets.
‘I have enormously enjoyed my role in developing the Atlantic House Group, both as a non-executive director and as chief executive, during an important phase in its growth,’ Stenning said.
‘As I move on to pursue other interests, I will continue campaigning to demystify derivatives and make derivative-based investments accessible to a wider range of investors, enabling more people to benefit from predictable investment outcomes.’
May, (pictured), a derivatives expert, founded Catley Lakeman Securities in 2008 as chief investment officer after an eight-year stint as a trader for Citigroup.
He founded the funds business, Atlantic House, which opened for business in 2012 as a wholly owned subsidiary of Catley Lakeman, where he continued to serve as CIO. He oversees several strategies for the firm, including its Defined Returns, Uncorrelated Strategies, US Enhanced Equities and Total Return funds.
May thanked Stenning for his contribution to the business over the past two years.
‘Since we founded this business in 2008, we have been committed to delivering investment solutions built around the real needs of investors,’ May said.
‘Many talented people have joined us in this endeavour, and I am excited about what the future holds for our business during this period of significant growth.’
This article can also be read here: Citywire
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