Stephen Anthony Zimmerman (born April 1949)[1] was deputy chairman and co-head of Mercury Asset Management throughout the 1990s alongside Carol Galley.
[6] Writing at the same time, Daily Telegraph columnist, Neil Collins, predicted they’d set up a boutique investment firm together.
[7] In the 2003, Zimmerman did set up a boutique, but with other ex-Merrill colleagues, Michael Marks and Paul Roy (as opposed to Galley, who remained in retirement).
[8] The new Venture was called NewSmith in a nod, Smith New Court, another City institution bought by Merrill Lynch in the 1990s and previously run by Marks and Roy.
In an echo of his departure from Merrill Lynch, Zimmerman retired at the same time as co-founder, Marks (NewSmith was acquired by Man Group less than a year later[10]).