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Former Cazenove CIO takes Kingswood investment role

Former Cazenove CIO takes Kingswood investment role

Former chief investment officer at Cazenove Capital Richard Jeffrey has been appointred chair of Kingswood's investment committee.

Kingswood is the parent of KW Wealth, which until recently traded as European Wealth.

Group chair Buzz West said: ‘We are delighted to welcome Richard to Kingswood. His significant experience and expertise in the investment management sector will be invaluable as we continue to drive growth in revenue and assets under management.’

KW Wealth announced last month that chief executive Marianne Ismail had left the firm after just 18 months at the helm, following a period of restructuring following a change of ownership in 2017.

Jeffrey was chief investment officer (CIO) and then chief economist at Cazenove Capital. Prior to that, he was chief operating officer at Ingenious Securities and head of research and chief economist at Bridgewell Securities.

He started his career in the investment industry at Hoare Govett, eventually becoming head of economics and strategy.

‘We have a strong pipeline of domestic and international opportunities that we are currently evaluating,’ said Gary Wilder, group chief executive at Kingswood.

Alongside South African asset manager Anchor Capital, acting as manager to Mauritian invest company Astoria, Kingswood took effective control of European Wealth in mid-2017 as the former executive team struggled to meet debt obligations.

Alongside last year's rebrand the company faced the setback of a failed merger with US-based broker-dealer platform Newbridge as it attempted to craft a trans-Atlantic conglomerate.

Having ‘restructured and streamlined’ its investment team the business said it would focus on consolidation on both sides of the Atlantic, securing its first buy with the purchase of IFA firm Marchant McKechnie in Yorkshire in October.

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