Australian merchant banker Seumas Dawes features in 2013 Sunday Times 1000 Rich List

Jonathan ChancellorApril 21, 2013

Seumas Dawes, the London-based Australian merchant banker, sits in equal 859th place with a £90 million worth on the latest Sunday Times Richest 1000 list.

Dawes was in 821st in last year's list. The list, now in its 25th year, was released on Sunday.

Dawes, currently the chairman of the investment committee at Pepper Investment Management, has been the long time senior funds manager at Ashmore, and before that at Paribas and ANX Investment.

It reports that Dawes, 56, sold £17 million of Ashmore shares and retained a stake worth £75 million in 2006.

Dawes held a number of positions in the Australian public sector including three years as a senior advisor to Paul Keating, the then treasurer of Australia.

Property Observer reported in February this year that Dawes had poured splurged some of his net worth in a serious Bronte acquisition.

The funds manager and his wife, Rosemary initially spent $12.3 million for a large, modern three-storey residence in 2006.

Unquestionably one of the most expensive coastal suburbs in Sydney's east, the Bronte property sits along the exclusive strip known as The Cutting.

It was a modern five-bedroom residence on the ocean side of Bronte Road overlooking the beach and ocean.

Then earlier this year the couple splashed out with the $16.5 million purchase of the neighbouring house, which they're set to bulldoze and expand their garden and garaging in grounds prepared by Formed Gardens.

The new works which include gym and cabana, improve the neighbouring contemporary houses's north eastern aspect. It's only going to cost $846,000 apparently, which will take the spend to $29.6 million.

He once had an abode in Potts Point's landmark complex, Wyldefel Gardens.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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