Cazenove Capital Management has hired Architas' Caspar Rock as chief investment officer (CIO), Wealth Manager can reveal.
Rock (pictured) was CIO at Architas Multi Manager, which controlled around £20 billion in assets.
He will join Cazenove Capital Management in the third quarter, reporting to Andrew Ross in a new global role. UK CIO Richard Jeffery will take on the position of chief economist at Cazenove Capital.
Rock will retain his responsibilities at Architas until his departure.
There will be no other changes to the fund management team, with Sheldon MacDonald managing the Architas Multi-Asset Blended range, Steve Allen the Architas Multi-Asset Passive range, Nathan Sweeney continuing to manage the Architas Multi-Asset Active range and Anna O’Donoghue managing the Architas Elite fund of funds range.
'Over the past five years Architas has become one of the fastest growing multi-managers in Europe. Caspar has been instrumental to this but has decided on a career change and is leaving the multi-manager world to move into capital management. We wish him well in his new role and would like to thank him for his dedicated service with Architas and the wider AXA Group, Architas CEO Hans Georgeson said.
'Our top priority is to look after our clients’ interests through a well-ordered transition process. We have exceptional internal and external candidates for the role and expect to confirm a new CIO shortly. We have an excellent business, and this is a great role, so interest has been very strong'.
'I very proud of the strong investment team that we have built at Architas and our investment performance. I leave the funds in very capable hands,' Rock added.
Rock, who has been with Architas for eight years, has 29 years' experience and a long-term track record in multi-asset investing, which includes a spell at AXA Framlington between 2006 and 2008 where he headed up the firm's multi-manager business.
Prior to this, he managed a range of directly invested equity and bond portfolios, and was head of European equities at Framlington as well as a member of the healthcare team.
Commenting on the appointment Andrew Ross said: 'We are delighted to have attracted such an experienced investor with a demonstrable track record as our chief investment officer and I look forward to working with Caspar to realise the full potential of our wealth management business.'
Rock added: 'I am very much looking forward to the new challenge that this role will create. This is a great opportunity to join a market leader in wealth management with a brand name that is one of the strongest in the industry.'