Hermes Investment Management has announced a second senior hire in a week with the recruitment of a former BlackRock veteran as head of client relations – a new role created amid the BT Pension Scheme-owned manager's push to grow its third-party assets.

The £24.1 billion fund manager, which last year made the majority of its revenues from third-party clients rather than the BT scheme for the first time, has hired Gareth Davies as head of client relationship management, it confirmed in a statement on June 10.