People Moves: UK family office appoints co-managing directors

John Bethinussen and Calum Cusiter have been appointed co-managing directors at Souter Investments, the family office founded by Sir Brian Souter, one of the UK’s most successful entrepreneurs. 

They joined Souter Investments twelve years ago, reporting to its managing director Andy Macfie, who will now become chairman. Prior to Souter, they both worked at Bank of Scotland.

Macfie says: “We have together generated excellent returns and have a strong portfolio of investments resilient to Covid-19. I am delighted to be handing over the reins to Calum and John.” 

Souter remains dedicated to a private equity strategy. Its interests include UK buy-outs, tech-driven deals and post Covid-19 recapitalisation opportunities.