Fraser Elms joined HIML in May 2000 as a fund manager specialising in the global communictions industries. Before working at Herald, Fraser was a technology analyst with Dresdner Kleinwort Benson, where he covered European technology stocks, focusing particularly on telecommunications software providers.

After completing a degree in economics and marketing at Lancaster University, Fraser joined the Prudential Group as a product manager for the Prudential's Unit Trust and PEP products, while he also studied to complete his professional marketing qualifications. Having returned to university to complete an MSc in Investment Analysis at the University of Stirling, he rejoined Prudential and spent four years in the investment management of unit trusts, assisting in the evolution of the IT infrastructure and the development of a new valuation framework. He is a member of the Association for Investment Management and Research.