Top 100: the full list of the UK's brightest wealth stars

Hugh Adlington

Rathbone Investment Management

Number of years in industry: 24

If Hugh Adlington had not succeeded in wealth management, he would like to have been a farmer. ‘In many ways, the skill sets required are similar – trying to grow crops efficiently and turn a profit, despite the vagaries of the weather and variable prices,’ he says.

But the wealth profession came calling in 1989 after he graduated in business studies from Bristol Polytechnic, and he has since gone on to chalk up a long career in the industry.

Hampshire-based Adlington took up a post with Fleming Private Asset Management, where he initially spent three years as an analyst before managing private client portfolios.

In 2001, he joined Rathbones, where he has built up a sizeable client book. As an investment director at the firm, he runs a private client fund team and is chairman of the asset allocation committee.

Craig Allen

Credit Suisse

Number of years in industry: 14

In his role as managing director of Credit Suisse’s asset management division, Craig Allen divides his time between Guernsey and London. He is responsible for the global multi-asset solutions business in the UK, the Channel Islands, Gibraltar and the Bahamas, and also sits on the bank’s Guernsey principal management board.

Allen’s career began at Credit Suisse with a role on the portfolio management team in 1998, but he sought pastures new in 2004 and left to join RMB Asset Management (now Momentum Global Investment Management). There he headed up the portfolio management business for three years, rejoining Credit Suisse in 2008.

Allen holds a degree in mathematics and French from Exeter University and is a proud dad to sons aged two and four, and says the demands of switching from finance to Peppa Pig gives him a good work-life balance.

Dickson Anderson

Adam & Co

Number of years in industry: 25

Adam & Company’s head of investment management Dickson Anderson cites Sir John Templeton as one of the biggest influences of his career due to his ‘firm belief in looking at fundamentals and ignoring the noise, while conducting himself with the highest integrity and being respectful to others’.

Anderson doubtless got to understand Templeton’s philosophy well, having enjoyed a large part of his career at Franklin Templeton, where he rose up the ranks to managing director of Europe, having established the firm’s pan-European business. He later enjoyed stints at Scottish Widows Investment Partnership and was a partner in the financial advisory practice at Robson Rhodes.

Best lesson learnt during career:

‘Never lose sight of long-term goals.’

Malcolm Andrew

Investec Wealth & Investment

Number of years in industry: 44

When it comes to experience, Investec Wealth & Investment’s senior investment director Malcolm Andrew has it in spades – nearly four and a half decades’ worth.

After he graduated from the City of London Polytechnic, where he studied foundation and Stock Exchange examination courses, he got his first role in wealth management back in 1968, where he started as a private client department trainee.

He subsequently joined a small private client broker as a partner’s assistant before joining L Messel & Co in 1977. He headed a private client fund management team from 1984 before he joined Sheppards in 1988. In 2011, he continued to enjoy a senior role at Investec Wealth & Investment after it acquired Rensburg Sheppards.

Andrew cites global strategist David Fuller and George Soros as his biggest inspirations.

Best lesson learnt during career:

‘No matter how good analysts’ reports appear, their recommendations should often be ignored.’

Jaime Arguello


Number of years in industry: 25

Ecuador-born Jaime Arguello has been head of multi-management in Barclays’ wealth management division since 2009, having built up a 25-year career in manager selection and portfolio management. He currently provides the bank’s clients with single asset class manager of manager funds, as well as multi-asset fund of funds.

Prior to Barclays, he spent 10 years at Pictet as their Geneva-based head of fixed income asset management and headed the firm’s third-party mutual funds offering.

Arguello studied at École National des Ponts et Chaussées in Paris and graduated with a first class degree, majoring in economics and finance.

If he had not ended up in wealth management, he would have liked to have been a modern art dealer, attracted by the diversity and depth of the market.

Ian Bakewell

Investec Wealth & Investment

Number of years in industry: 30

Ian Bakewell clearly enjoys his job, having spent his 30-year investment career at the same firm.

Lancashire-based Bakewell joined his current employer as a partners’ assistant, back in 1982 when the firm was known as BWD Rensburg.

Promoted to partner in 1987, he established the group’s personal equity plan the same year, and went on to form its Liverpool fund management desk in 1992.

In 2011, Rensburg was acquired by Investec Wealth & Investment, which rewarded Bakewell’s loyalty and expertise with a new contract.

As an investment director at the group he heads the Liverpool office’s discretionary desk and manages segregated portfolios for pension funds and charities. He also oversees the firm’s internal pension fund and is a member of its investment, asset allocation and stock sector committees.

Bakewell graduated in modern history from Oxford University and is a fellow of the Chartered Institute for Securities and Investment.

Lord Anthony Balniel

James Hambro & Partners

Number of years in industry: 30

Anthony Balniel, a partner at James Hambro & Partners, has been able to watch two boutiques grow to success from their genesis.

He was a founder director at JO Hambro Investment Management and ultimately chief executive officer, where he was instrumental in building a business that managed almost £3 billion of assets.

Since joining James Hambro & Partners since 2010, he has watched assets grow to around £480 million.

After graduating from the University of Edinburgh, he joined Rowan Investment Managers in 1982, which later became part of Mercury Asset Management.

Rupert Baron & Andrew Hess

Rathbone Investment Management

Number of years in industry: 25 & 29

Andrew Hess (pictured right) started his career in investment management at Smith Keen Cutler in 1987, and joined Gerrard Vivian Gray three years later. He then moved to Albert E Sharp as a director in 1997 before moving to Rathbones in 2000, where he now runs portfolios for private clients, their pensions, trusts and charities, alongside mandates for city livery companies.

Hess sits on the firm’s strategic asset allocation committee alongside the fixed income, macro and credit fund selection committees. The investment manager cites his mentor Giles Currie, a former partner of Savory Milln, as an inspiration during his career. ‘This time it is not different’ is the best lesson he has picked up during his career.

Investment director Rupert Baron (far right), meanwhile, has worked in the industry for 29 years, having earned an economics degree from City of London University. He also holds an IEP diploma from Insead and has enjoyed spells at Heseltine Moss & Co, Savory Milln & Co and Albert E Sharp. He joined Rathbones in 2000.

If he hadn’t entered the world of investment, Baron can envisage himself as a mountain guide.

Oliver Bates

Sarasin & Partners

Number of years in industry: 24

‘Never assume anything... it will always lead into trouble if you do’ is the most important lesson Oliver Bates, a partner at Sarasin, has picked up during his 24-year career.

The investment manager started his career at James Capel & Co in 1989, under the guidance of Andrew Ross (now CEO of Cazenove Capital Management). Latterly HSBC bought out Capels and Oliver stayed at HSBC Global Asset Management until 2008, by which time he had become head of charities. He went on to join the prominent charities team at Sarasin & Partners and was made a partner of the firm in June 2012.

If Bates hadn’t become a wealth manager, he would have liked to have gone into architecture.

Most inspiration figure:

‘Alistair Ross-Goobey made an early impression while at James Capel & Co, due to his extraordinary clarity. Otherwise Andrew Ross helped me to relate to and understand client needs and issues.’

Haig Bathgate

Turcan Connell

Number of years in industry: 15

Turcan Connell’s chief investment officer Haig Bathgate joined the firm in 1997 after completing a degree in business at Heriot-Watt University. Rising through the ranks, Bathgate has led the firm’s investment process since 2009 and holds an MSc in investment analysis from Stirling University.

Bathgate says a number of legendary investors have influenced his career, including George Soros and Crispin Odey for their ‘incredible way of being able to hold positions irrespective of what the herd is doing’. He also cites Nassim Taleb as an influence for his alternative approach, and Steve Jobs for his ‘commitment and pursuit of all-round excellence’.

The best lesson learnt during career:

‘If your analysis is robust, don’t be scared to run against the herd and hold positions which are not consensus. Cut positions quickly and aggressively when the facts change. Always keep learning and never think that you’ve mastered it.’

Jeremy Batstone-Carr

Charles Stanley

Number of years in industry: 27

Jeremy Batstone-Carr has been in the financial services industry for a little under three decades. If he hadn’t taken this route, his second career choice would have been as a vulcanologist.

As it is, he is currently chief economist and strategist at Charles Stanley, where he is responsible for overseeing global asset allocation and investment strategy, as well as running a dedicated team of analysts focused on a wide range of UK-listed companies, investment trusts and investment vehicles.

Batstone-Carr, who lectures to US and UK academic institutions, joined Charles Stanley in 2004 from NatWest Stockbrokers, where he was head of research. Prior to this he enjoyed stints at Fyshe Group and Coutts.

In addition, he is chairman of an investment analysis examination committee at the Chartered Institute for Securities and Investment.

Tom Becket

PSigma Investment Management

Number of years in industry: 8

Football-mad Tom Becket combines his obsession with his role as chief investment officer (CIO) of PSigma Investment Management.

Besides trying to lead the PSigma football team to victory, he also subjects himself to the ‘monotonous disappointment’ of following the national football team across the world. However, all is not lost as he garners priceless investment information during these trips. ‘By following England I see many parts of the world which are beyond the sphere of tourism. Travelling and seeing the world is an integral part of an investment strategists’ appraisal of where to invest.’

An associate of the CISI, he graduated from Trinity College, Dublin, in classics. He joined PSigma in 2005, working on individual portfolios within the private client team before moving on to the investment team. A respected commentator in the press, Becket is responsible for the firm’s model portfolio service, unit trust selection process and Dynamic Multi-Asset fund.

Interesting fact:

Becket owns a collection of model soldiers and recreates battle scenes. Favourite battles include Agincourt and the Peloponnese campaign between Athens and Sparta in the fifth century BC.

Richard Beggs

JPMorgan Private Bank

Number of years in industry: 24

Richard Beggs, head of UK Investors at JP Morgan, has spent almost a quarter of a century working in financial services since graduating from Exeter University with a degree in economics and statistics.

Over the course of his career, Beggs has worked for a number of leading names in the industry, including Cazenove, where he spent seven years, and Invesco, where he was credited with playing a significant role in establishing a global asset management team in London.

He gained extensive knowledge of global markets – particularly the US, courtesy of having run a number of US funds – before moving to Morgan Stanley, where he headed the multi-asset team within the UK’s private wealth management division.

Beggs joined JP Morgan in 2006 and is responsible for managing the investment portfolios of existing clients, as well as developing the business in the UK.

Jonathan Bell

Stanhope Capital

Number of years in industry: 25

Stanhope chief investment officer Jonathan Bell is known for his thoughtful and measured views. His career has seen him enjoy spells as CIO at Newton, where he was a member of various committees which oversaw a combined $37 billion in assets under management.

He has also worked as a senior investment manager at Principal Investment Management and assistant director at BZW Portfolio Management.

Bell is a fellow of the Securities Institute, and holds a degree in economics and politics from the University of Wales and an MBA from Cranfield School of Management.

Interesting fact:

Bell is author of Start with the Map the Right Way Up, an introduction to investment.

Jamie Berry

Berry Asset Management

Number of years in industry: 39

Jamie Berry entered the industry in 1973 and cut his teeth as a trainee investment manager at GT Management.

Just three years later, aged 21, he was appointed managing director of the unit trust business.

In 1981 he set up Berry Asset Management, an independent private wealth manager, adopting a multi-manager approach, which he notes was novel at the time.

In 2010, after almost 20 years at the boutique’s helm, former Skandia chief Jamie MacLeod was hired as CEO to spearhead the next stage of growth for the company. Berry remains involved with the business in an executive chairman role, looking after existing clients, intermediaries and professional introducers.

If he had not entered the world of investment management, Berry says he can envisage himself carving out a career as a divorce lawyer, noting that ‘family law embraces such a wide variety of skills and talents in dealing with individuals at a difficult time’.

Jamie Black

Sarasin & Partners

Number of years in industry: 25

Jamie Black enjoys something of a double life, commuting down to London for his job as head of private clients and a partner at Sarasin, while at the weekend he returns to his family farm in Fife.

The two lives are certainly a contrast, but he takes the view that he has the best of both worlds.

Eton-educated Black read Spanish and French at Fitzwilliam College, Cambridge, before getting a job at NCL Investments, now part of Smith & Williamson.

He joined Sarasin in 1996 and has broad responsibility for the management of the private client department, product and new business development, and a number of private, charity and institutional client relationships.

He is also chief executive of Sarasin Asset Management, one of the early adopters of the now-popular global thematic approach to investing.

Chris Boon

Close Brothers Asset Management

Number of years in industry: 28

In a career of nearly three decades, Chris Boon has met many inspirational figures. Among these, he counts his first client from 25 years ago – a retired entrepreneur in his eighties – as one of his most valuable contacts.

After graduating in ancient history from the University of Nottingham, Boon first worked at Rea Brothers, which was bought by Close in 1999. In 2000, he accepted an offer from Close to run the high net worth business, and played a key role in helping the firm establish a presence in this field.

In 2007, Boon – who says he would have been a fishing guide if he were not a wealth manager – was appointed managing director of investments.

Best lesson learnt during career:

‘If you are not moving forward in business, you are moving backwards.’

Peter Botham

Brown Shipley

Number of years in industry: 28

Peter Botham has played a key role in driving Brown Shipley’s investment process since joining the private bank as CIO in 2008. Prior to this, he spent 10 years at Tilney Investment Management, where he was head of UK equities and ran pension and charity portfolios. He also enjoyed a stint at Manchester-based Henry Cooke Lumsden, having started his career in its institutional research department.

A graduate of medieval and modern history from Birmingham, Botham says if he hadn’t ended up in wealth management he would like to have divided his time between being a carpenter and a jazz musician.

Best lesson learnt during career:

‘Listen and observe. The City is full of enough arrogant people who think they always know best without me adding to their numbers.’

Simon Brett


Number of years in industry: 25

Simon Brett, Parmenion’s head of investments, has over 25 years’ experience in the industry, playing a key role in a company that has experienced rapid growth.

Having started his career at County NatWest in the mid 1980s, Brett joined James Capel in Gibraltar, followed by a stint at Commercial Union as a senior UK analyst. He moved to Lincoln Investment Management where he ran life, pension funds and unit trusts and then moved to Equitable Life to head the mid cap team, managing £1.5 billion.

He cites Keynes as someone who has inspired him during his career, highlighting his quote: ‘When the facts change, I change my mind. What do you do, sir?’

Best lesson learnt during career:

‘Admit you can be wrong.’

Daniel Briggs

Fleming Family & Partners

Number of years in industry: 24

Fleming Family & Partners’ CIO Daniel Briggs started out at NM Rothschild as a graduate trainee, after achieving a history degree at Bristol.

His career has taken in periods at Schroders where he worked on the specialist equity team and JP Morgan, where he was a balanced portfolio manager. He also managed retail equity and property mandates at Henderson.

Pulling all his experience together, he joined Sarasin where he was head of balanced funds and later deputy chief investment officer. He then made the jump to Fleming Family & Partners.

If he hadn’t had a career in wealth management, Briggs would have liked to have been an academic or industrialist.

Best lesson learnt during career:

‘Be patient and have an enquiring mind.’

Matthew Butcher

Brewin Dolphin

Number of years in industry: 12

If Cambridge University graduate Matthew Butcher had not entered the world of research, he can envisage himself as an ‘Olympic wiff waff champion’ – a far cry from his current role as head of research at national wealth management firm Brewin Dolphin.

Butcher has powered the firm’s research capability since joining as head of fund research in 2004. Four years later he was appointed head of group research.

Prior to Brewin, he joined the Merrill Lynch Global Analyst training programme and worked in a variety of roles within the asset management division, which later became BlackRock.

During his formative years there, he was inspired by Richard Royds, who taught him that ‘office life needn’t be dull, and that being yourself is essential’.

Best lesson learnt during career:

‘Conflict with colleagues is okay, but you must remain respectful of their point of view.’

Robert Candler

HSBC Global Asset Management

Number of years in industry: 33

Robert Candler joined HSBC Global Asset Management as an investment assistant in 1986 and has been instrumental in the transformation of this business from a traditional private client stockbroker firm into a more structured discretionary wealth management business.

Now head of discretionary wealth management, Candler oversees a business that works more closely with the group’s internal networks and provides support to other departments.

Candler started his investment career at Scrimgeour Vickers Stockbrokers, providing support to private client relationship managers. He worked there for seven years before joining HSBC.

When not working, Candler tries to spend as much time as possible with his wife, children and latest addition to their family, the dog.

Peter Carew


Number of years in industry: 30

Working with veteran wealth manager Jonathan Ruffer is something Peter Carew counts as a privilege. ‘He has a meaningful historical perspective, complete integrity, and an excellent sense of humour. I try to follow his example,’ he explained.

Carew himself has 30 years’ wealth management experience. After graduating with an English literature degree from Oxford, he completed an MBA at the London Business School. He spent the bulk of his career – 20 years – at Credit Suisse, where he headed the UK private client team, before joining Ruffer in 2002.

Had Carew not gone into investment management, he would have perhaps been ‘a rather indifferent sculptor’.

Best lesson learnt during career:

‘Humility, as the markets make one such an ass so quickly.’

Duncan Carmichael-Jack

Vestra Wealth

Number of years in industry: 20

Duncan Carmichael-Jack was part of a team that followed David Scott from UBS to set up Vestra Wealth. At UBS, he was joint head of UBS UK and gained a Citywire AA-rating for his strong risk-adjusted performance on the Elite Balanced and Income unit trusts.

He began his career in 1991 at JP Morgan Investment Management then switched to Credit Suisse as an equity fund manager in 1994. He joined investment boutique Laing & Cruickshank in 1999 before its takeover by UBS in 2004.

At Vestra, Carmichael-Jack looks after a number of clients with ethical demands, working closely with the ethical investment group to ensure their needs are met. He also manages direct equity portfolios for a range of private clients and charitable trusts.

He completed a masters in finance at the London Business School and achieved a grade A distinction in his PCIAM exam. He cites Warren Buffett as among his inspirations.

Since qualifying for a Citywire Rating, he has been rated on 35 separate monthly occasions.

Noland Carter


Number of years in industry: 30

Noland Carter joined Heartwood in 2008 as its CIO and has been instrumental in evolving the firm’s investment process.

He started his investment career on the institutional side and worked as head of global equities at Mercury Asset Management before moving on to the private client side with a role as global chief investment officer at Barclays Private Bank.

He then took on the role of CIO at Barclays Wealth and later CIO of investment services. More top-tier roles followed, culminating in the CEO post at Rothschild Private Management and global chief investment officer of Rothschild Private Banking and Trust.

Carter holds a degree in politics from Reading University, and would have liked to have been a cameraman or photographer if he hadn’t followed the wealth management path.

Best lesson learnt during career:

‘The importance of humility and perseverance.’

David Chaplin

J O Hambro Investment Management

Number of years in industry: 41

After stints at Mercury Asset Management and Rowan Investment Managers Limited, David Chaplin went on to found JO Hambro Investment Management (Johim) alongside Richard Hambro and Lord Anthony Balniel in 1986. Since then, the company has grown from strength to strength.

In 2000, the discretionary investment management company was acquired by the Credit Suisse Group, but remains a separately managed entity from other divisions within Credit Suisse Private Banking. Chaplin continues to be a driving force in the business as chairman of Johim’s management board, and continues to manage UK private client portfolios, including some of the largest at the firm.

The Harrow-educated investment manager cites his first boss, Julian Martin-Smith, as one of his biggest inspirations during his 40-year plus career.

If he hadn’t gone into wealth management, Chaplin says he would like to have been a sports commentator.

The best lesson learnt during career:

‘Tall oaks from little acorns grow.’

John Chatfeild-Roberts, Algy Smith-Maxwell & Peter Lawery

Jupiter Asset Management/Private Clients & Charities

Number of years in industry: 22, 19 & 22

Under the watch of Jupiter CIO John Chatfeild-Roberts, the Merlin fund of funds team has evolved into one of the most respected group of asset allocators in the business. The team provides a key input for the private client division. An economics graduate from Durham, Chatfeild-Roberts served in the army before working at Henderson and Lazard. At the turn of the century he became one of Jupiter chief executive Edward Bonham Carter’s first signings after he took control of the business from founder John Duffield.

Chatfeild-Roberts was joined by Algy Smith-Maxwell and Peter Lawery, who both worked alongside him at Lazard. (Pictured left to right: Chatfeild-Roberts, Smith-Maxwell and Lawery)


In the five years to the end of August, the trio’s Citywire Selection Jupiter Merlin Income fund has returned 30.1%, more than double the 12.7% rise posted by the LCI UK Balanced index.

Julian Chillingworth

Rathbone Investment Management

Number of years in industry: 35

Had Rathbones’ chief investment officer Julian Chillingworth not taken up a post with James Capel 35 years ago, he could have likely been a property developer specialising in inner city redevelopments, something his family had been involved in since the turn of the 20th century.

However, he chose wealth management and, after his graduate traineeship at James Capel, he became a capital goods analyst at Philips Electronic Pension scheme. This was followed by stints with GAM, Bankers Trust, Hambros as head of equities and Investec, where he became head of funds. He joined Rathbones in 2001.

Based in Mundford, Norfolk, Chillingworth graduated from Southampton University with a chemistry degree.

He dreams of running a mountain restaurant in ski resort St Anton, which he suspects would be hard work but equally very profitable.

Colin Chisholm

Jupiter Private Clients & Charities

Number of years in industry: 38

Colin Chisholm, director for private clients and charities at Jupiter, has been involved in the fund management world since the early 1970s and he has worked for many of the most illustrious names in the profession.

Having studied at Eton College and then Oxford University, where he gained a degree in philosophy, politics and economics, Chisholm started his career at Schroders in 1974, before moving to Hambros five years later.

Since the mid-1980s he has specialised in dealing with private clients – a decision that led to him co-founding Thornhill Investment Management in 1985. He stayed there for nine years before going to work for Rothschilds and then on to Jupiter.

Chisholm, who lives in Gloucestershire, is a trustee of the Nelson Trust, which is a long established drug and alcohol abstinence-based treatment provider.

Mouhammed Choukeir

Kleinwort Benson

Number of years in industry: 13

Kleinwort Benson pulled off something of a coup when it managed to convince Mouhammed Choukeir to leave a nine-year career with Morgan Stanley to join the firm as chief investment officer in autumn 2011.

At Morgan Stanley, Choukeir had a key role as head of multi-asset investing across Europe, Middle East and Asia, where he was responsible for managing client portfolios for individuals, endowments, charities and family offices. Prior to this, he spent his early career in the fixed income division of Citigroup’s investment bank in New York, London and Madrid.

Choukeir holds a masters in finance with distinction from London Business School and a bachelors in computer science from University of London, King’s College. He is also a CFA charterholder and a member of the CFA Institute.

Outside of investment, his interests include playing the guitar, running marathons, climbing mountains and solving sudoko puzzles.

He cites Kleinwort Benson boss Sally Tennant as one of the biggest influences of his career.

Peter Clark

Ingenious Asset Management

Number of years in industry: 36

Peter Clark joined Ingenious Asset Management in 2006 and is responsible for global economic research and tactical asset allocation, with a particular focus on bonds and currencies.

Clark started out at stockbrokers Hoare Govett in 1997, before leaving to found the UK private client division of Amvescap in 1988. He worked as chief investment officer of the private client business.

The firm was later sold to Singer & Friedlander and he moved to the then three-year-old Ingenious Asset Management, along with five other senior investment figures who have all successfully powered growth in the business.

Clark is a photography fan in his spare time and enjoys taking pictures of anything from landscapes to wildlife.

Lord Ivo Clifton

Rathbone Investment Management

Number of years in industry: 19

If Ivo Clifton had not entered the world of investment management, he can envisage working as an architect, highlighting the job’s dual focus of overseeing a grand creative plan to completion, coupled with the minutiae to ensure the vision works on a day-to-day basis.

Clifton joined Rathbones after graduating from Edinburgh University in 1991, having attended Marlborough College prior to this. He set up the London charity team in 2000 and now enjoys the title of head of the charities team.

Clifton, who also chairs the Rathbone client committee, highlights the importance of building relationships to establish long-term trust as the best lesson he has learnt over the years.

Most inspirational figure:

‘My first boss, who taught me how to look for a good investment, and was fanatical about the importance of putting the client first. Both remain the cornerstones of my philosophy to this day.’

Hilary Coghill

City Asset Management

Number of years in industry: 24

Hilary Coghill, the chief investment officer of City Asset Management, has worked in financial services, pharmaceuticals and teaching, but her secret passion is gardening – and she insists it requires the same dedication and commitment that is needed for her career in wealth management.

The challenge of putting together a combination of shrubs, flowers, trees and water features that are specific to an individual climate and terrain make it an extremely challenging yet satisfying job, in much the same way as her professional role.

Coghill started her working life as a research assistant at French pharmaceutical company Roussel Uclaf, before moving to SmithKline Beecham as part of a team researching cannabis derivatives as neuroleptics.

She then spent two years in Kuwait working as a teacher before taking up fund analysis in the late 1980s, which was followed by portfolio management.

Charles Cohen

Sanlam Private Investments

Number of years in industry: 26

Charles Cohen’s investment career spans 26 years, including stints spent at Cazenove as a private client manager in London and Geneva.

He joined UBS Warburg in 1989, working as an Asian investment specialist in London and then Singapore. Cohen joined Border in 2002 and was appointed a director in 2004. He has been responsible for driving investment strategy at the northerly-based firm in his role as chief investment officer.

In September of this year, the firm was rebranded Sanlam after its acquisition by the South African-based firm, with Cohen appointed Sanlam Private Investment UK’s head of private clients in the North. C holds an MA in history from Oxford University.

David Coombs

Rathbone Unit Trusts

Number of years in industry: 28

Having experienced various market crashes, a healthy dose of cynicism and honesty provides the backbone for David Coombs’ approach to investment.

Coombs, who is head of research at Rathbones, started his career at Hambros Bank in 1984 in banking and private client investment management. He spent four years in the role before joining Barings, where he spent the bulk of his career during a 19-year stint. In 2007, he joined Rathbones, where he runs a range of multi-asset funds.

Coombs, a former Citywire Wealth Manager cover star, went straight into investment management rather than going to university and recalls why he was attracted by the investment management.

‘Looking at stocks and shares, what you are really looking at is businesses and it doesn’t matter whether it is a small or large business because all of the issues are relevant – for example, problems with managers, products and diversification. This is why I became fascinated by investment.’

Nigel Cuming

Collins Stewart Wealth Management

Number of years in industry: 36

Nigel Cuming, chief investment officer at Collins Stewart Wealth Management, would have liked to have been an advertising copywriter if he hadn’t joined the ranks of the financial services industry.

His career started in 1975 when he joined stockbrokers Laurie Milbank and Co in London in 1975, before relocating to Jersey in 1983. Following the acquisition of the business by Chase Manhattan, he became head of investment management for Chase Bank and Trust Company.

In 1990 he was appointed head of investment management for ANZ Grindlays before setting up an investment department for Jardine Matheson in 1997, which was then acquired by Collins Stewart in 2005.

Cuming credits his late friend Richard Chatfield, an excellent technical analyst, with teaching him the basics and giving him a good feel for markets.

The best lesson learnt during career:

‘Always be distrustful of a consensus.’

Nancy Curtin

Close Brothers Asset Management

Number of years in industry: 20

Nancy Curtin was appointed chief investment officer at Close Brothers Asset Management in 2010 following a period as CIO at Close subsidiary Fortune, where she had worked since 2006, heading up the firm’s hedge fund and alternative advisory business.

Prior to joining Fortune, Curtin was managing director at Schroders Investment Management North America and head of global investments for its $20 billion (£12.37 billion) global mutual fund business. She has also worked as head of emerging markets at Baring Asset Management, and held a number of other roles during her 20 years in the business.

Curtin studied at Princeton University and holds an MBA from Harvard Business School.

Best lesson learnt during career:

‘To give back to communities through charity. My family and I travel to Siem Reap in Cambodia each year to teach English and provide food and medicine as volunteers for the Ponheary Ly Foundation.’

William Cussans

Smith & Williamson Investment Management’s

Number of years in industry: 29

Smith & Williamson Investment Management’s William Cussans amassed diverse experience before joining the firm in 1999, where he is head of charities.

Cussans gained a liberal arts degree from Reed College, in Portland, Oregon, before enjoying a five-year spell at Henderson Administration and three years as the UK and Continental European analyst at the Central Board of Finance of the Church of England. He had a subsequent stint as an investment manager with Barings and US-based Bessemer Trust, where he was vice president for UK and European investments before joining Smith & Williamson.

A member of the Chartered Financial Analysts Institute, Cussans is responsible for managed investments on behalf of charities and oversees around £200 million in assets. He is also managing director of the firm’s Irish-domiciled open-ended investment company fund range.

Mary-Anne Daly

Cazenove Capital Management

Number of years in industry: 28

Brought up in Beirut and fluent in French and Italian, as well as some Arabic, Mary-Anne Daly has almost three decades of experience in the industry.

Currently head of wealth management at Cazenove Capital Management, Daly joined the firm in 2001 from Baring Asset Management, where she was head of client service and business development for private clients. Previously she worked at Baring Brothers and Chase Manhattan Bank.

During her 11 years at Cazenove – where she is also a director – she has helped bring the brand’s private client business up to date by creating a fully integrated investment and tax planning operation.

She graduated with a degree in economics from London University.

Dina de Angelo


Number of years in industry: 25

Dina de Angelo graduated from Bucknell University, in Lewisburg, Pennsylvania, with a first class degree in economics, art history and French. She began her career in wealth management at Bessemer Trust in New York, where she trained to work on complex asset allocation strategies for business-owning families around the world.

As part of her role, she moved to London in 1993 and has continued to work in this field ever since. After Bessemer, she moved to NM Rothschild and joined Pictet in 2008 as a director in 2008.

If she hadn’t gone into the world of investment management, she can see herself working as an aid worker in Africa.

Charles Dixon

Brooks Macdonald Asset Management

Number of years in industry: 12

Charles Dixon, a director of Brooks Macdonald, joined the business back in 2001 as a graduate trainee, and qualified as an investment manager three years later before managing his own client bank. In 2008, he was appointed to lead his own investment team iand recently gained further responsibility by being named head of the firm’s five London private client investment teams.

In 2010 Dixon established the Brooks Macdonald Charitable Foundation, and is head of the foundation committee. Having spent four years in Namibia, he learned of the precarious fate of rhinos in the wild, and has run the London Marathon for the charity Save the Rhino, dressed as one.

James Edgedale

JM Finn & Co

Number of years in industry: 28

James Edgedale has been at JM Finn & Co as man and boy. He joined the investment boutique straight from university in 1984 – just before the Big Bang – armed with a degree in politics and economics from Bristol.

Six years later he was appointed partner and named senior partner in 2000. He was given the job of managing the firm’s transition from a partnership to a privately owned investment manager when he was named chairman in 2006, just as the firm became incorporated.

A former Citywire Wealth Manager cover star and self-confessed racing buff, Oxfordshire-based Edgedale now divides his time between board matters and looking after a large number of client portfolios, including private clients, trusts, pension funds and charities.

Robert Farago

Schroder Private Banking

Number of years in industry: 24

Scientist-turned-wealth manager Robert Farago heads asset allocation strategy at Schroder Private Banking. A chemistry graduate from Bristol University, he is responsible for developing the firm’s strategic and tactical asset allocation policy, while keeping the team abreast of news and developments in financial markets.

Farago’s investment career started in 1987 when he joined Bankers’ Trust. He moved to Schroders in 1994 and his 18-year career at the firm has seen him work as a senior Pacific Basin fund manager, a member of the global equity team, head of the Schroder & Co investment unit and an alternatives analyst for the multi-asset team.

He is an associate member of the UK Society of Investment Professionals and a chartered alternative investment analyst.

Peter Fernandes

Smith & Williamson Investment Management

Number of years in industry: 25

If Peter Fernandes had not gone into private client investment management, he would have liked to have become a pilot. In fact, Smith & Williamson’s head of private clients has navigated many stormy periods for markets and helped to build the accountancy firm’s private client investment management division up from £5 billion in assets in 2002 to around £10 billion today.

Kenyan-born Fernandes joined NCL in 2001, which was taken over by Smith & Williamson a year later, after a 12-year stint at Flemings’ private client division preceding its takeover by JP Morgan. A former Citywire Wealth Manager cover star, Fernandes takes the view that CIOs can suppress the talent among other portfolio managers.

‘I feel that when you talk to a client they want to see the whites of the eyes of the person who is making investment decisions on their behalf – not a CIO that is stuck in a smoke-filled room somewhere with a white coat on or a client relationship manager,’ he says.

Who has inspired you most during your career?

‘My clients.’

Rupert Tyler & Stephen Ford

Brewin Dolphin

Stephen Ford (right), an investment manager and board director at Brewin Dolphin, is responsible for the day-to-day delivery of the organisational wide transformation programme derived from the board’s strategic review. While also tasked with co-managing the national wealth manager’s London office, Ford is a contributing author to the Institute of Directors’ Handbook of Personal Wealth Management.

Away from wealth management, he enjoys watching Formula One or other petrolhead activities, and skiing.

National director Rupert Tyler (above), a graduate from Oxford with an MA in classic and modern languages, has enjoyed many different roles at Brewin. He was a partner (pre-flotation), forming part of the firm’s investment committee, while also managing portfolios for domestic and international clients.

Outside of his day job Tyler is a trustee of the Jerwood Charitable Trust and a governor of Ravensbourne College of Design and Communication.

Fred Fulcher


Number of years in industry: 22

Premier’s Fred Fulcher currently heads the firm’s discretionary management division, having joined the firm in 2002.

Prior to this he was a senior portfolio manager at Govett Investment Managers, looking after a range of private client pension fund and charity portfolios.

He was also tasked with marketing portfolio services through the Allied Irish Bank’s branch network in Britain and First Trust Bank network in Northern Ireland.

Fulcher, who lives in Surrey, studied law at the South Bank University and has enjoyed a career in financial services, which spans 22 years.

Jonathan Gumpel

Brooks Macdonald Asset Management

Number of years in industry: 26

Jonathan Gumpel was a founder director of Brooks Macdonald Group back in 1991 and is currently one of the investment directors responsible for overseeing investment management strategy and asset allocation.

He also manages the Defensive Capital fund, which aims to achieve consistent long-term capital growth through a portfolio of defined return assets, such as preference shares, structured notes and other defined return investments.

Gumpel, who joined Deloitte straight from school, left to join the investment management arm of Chase de Vere in 1986. Five years later he started Brooks Macdonald with Chris Macdonald, Richard Spencer and Martin Mullany.

Who has most inspired you during your career?

Chris Macdonald, the chief executive officer of Brooks Macdonald Group.

Duncan Gwyther


Number of years in industry: 36

Duncan Gwyther joined Quilter in 1987 and has watched the business grow from a comparatively small private client manager to one with over £7.8 billion in funds under management and more than a dozen offices across the country.

During that time, Gwyther has risen through the ranks from senior investment manager to chief investment officer, and is now responsible for the firm’s investment proposition, fund selection and asset allocation calls.

He previously worked at Barclays, and is a keen mountain biker and photographer in his spare time.

Symon Hawken

Collins Stewart Wealth Management

Number of years in industry: 26

In his role as head of wealth management, Symon Hawken has played an instrumental role in growing assets and driving the investment proposition at Collins Stewart. He is also responsible for the firm’s London office and sits on the wealth management division’s executive committee.

Hawken’s 26 years in the industry have all been spent at the firm, where he has built up impressive experience in portfolio management, specialising in bespoke discretionary mandates.

With most recent acquisition Eden Financial under the belt of Collins Stewart’s parent company Canaccord, the firm can now claim a more prominent role in the UK wealth management space, with some £9 billion in assets under management.

Charles Heaton

Investec Wealth & Investment

Number of years in industry: 26

If Investec Wealth & Investment’s Charles Heaton had not ended up in wealth management he can envisage himself as a ‘farmer breeding rare sheep and contemplating how to pay the school fees and dreaming of the Lancias I would like to collect’. This fantasy has been blocked (or delayed) by a 26-year career in wealth management, however, after Heaton completed a geography degree from Lancaster University.

He started out at Scrimgeour Vickers in 1986, managing European equity portfolios, and moved into private client investment management in 2004 when he joined Rathbones. In 2006, he joined Singer & Friedlander, which was acquired by Williams de Broë two years later, and has since become part of Investec Wealth & Investment.

Jeremy Hervey

Cazenove Capital Management

Number of years in industry: 19

Life could have been very different for Jeremy Hervey. Having started out as a trainee accountant, he abandoned his place on an Ernst & Young graduate scheme in favour of setting up a polo business in New Zealand. After realising how difficult it was to establish a business in an industry without unlimited resources behind you, he turned his attention to financial services by joining James Capel Investment Management in 1993, working for both charity and private clients.

Hervey joined Cazenove Capital Management in 2002, where he is currently a director of the business and head of charities, with responsibility for managing UK charity and private client portfolios. He is also the vice chair of the private client investment committee.

He graduated from University College London with a first class degree in economics and philosophy.

Alan Higgins

Coutts & Co

Number of years in industry: 25

Coutts’ chief investment officer Alan Higgins began his career in fixed income, including a stint at ABM AMRO, before taking on a role at a multi-strategy hedge fund ORN Capital.

He joined Coutts from Morgan Stanley Wealth Management, where he specialised in asset allocation and alternative investments.

Higgins cites his first boss, Robert Matthews at Sun Alliance, as a career inspiration. He says Matthews toughened him up and gave him the first taste of real responsibility. He also points to Morgan Stanley chief investment officers Chris Godding, Paul Marson and Simon Brewer as strong influences.

Best lesson learnt during career:

‘The best trades are the painful trades and the worst trades are the ones that make you feel better.’

Chris Hills

Investec Wealth & Investment

Number of years in industry: 38

Chris Hills graduated from Cambridge with a 2:1 in maths, statistics and econometrics, having studied at City of London school. He entered the City as a graduate trainee at Sun Life, where ultimately he ended up managing the firm’s portfolio of investment trust shareholdings and its unit-linked equity funds. He then moved to the unit-linked associate company of Jacob Rothschild, where he managed a range of funds, before joining Barings.

Hills, whose career spans 38 years, joined Carr Sheppards in 1995, which is now part of Investec Wealth & Investment. As CIO he provides investment leadership to the firm, advises clients on the appropriate risk parameters for their portfolios and chairs the committee responsible for selection of third-party funds.

Charles Hoare Nairne

C Hoare & Co

Number of years in industry: 20

Just as private bank C Hoare & Co can boast a long heritage, having been founded back in 1672, so Charles Hoare Nairne can lay claim to being a member of the eleventh generation of family involved in its management.

After graduating from Cambridge, Hoare Nairne began his career at BZW Asia Pacific Equities. He went on to become a fund manager at Kleinwort Benson Private Bank in 1993, a role that had a strong emphasis on high net worth private clients, as well as research responsibilities for US equities.

In 2000 Hoare Nairne moved to Rathbones as an investment director and member of the investment committee, once again with a focus on high net worth clients. Finally he joined C Hoare & Co in January 2006, to provide family oversight of the bank’s investment management activities.

Emma Horler

Smith & Williamson Investment Management

Number of years in industry: 28

Emma Horler has spent her entire career at Smith & Williamson, and her introduction to wealth management was a real baptism of fire. She joined the firm in 1984, shortly before the Big Bang on 27 October 1986 tested her mettle.

She mastered the new financial landscape expertly, and eight years later Smith & Williamson rewarded her resolve by giving her a directorship.

In this capacity, Horler manages discretionary portfolios for private clients and charities.

Greg Horton

Fairbairn Private Bank

Number of years in industry: 30

Greg Horton has held a number of main board and senior management positions during his career. He joined Fairbairn in 1995, where he is managing director, and is also executive head of Nedbank Wealth International, which comprises the private bank along with Fairburn Trust Limited and Fairbairn Trust Company. He is also chairman of the bank’s investment and executive committees.

A holder of a Chartered Institute of Banking degree, Horton’s experience in both domestic and international banking was crucial as Fairbairn became the first offshore bank to be granted a banking and investment licence by the Financial Services Authority in September 2008.

Interesting fact:

Horton is a fellow of the Royal Society for the encouragement of Arts, Manufactures and Commerce.

Stephen Jones

Principal Investment Management

Number of years in industry: 25

Before Gartmore was acquired by Henderson, former Citywire Wealth Manager cover star Stephen Jones fronted the UK’s most successful European fund management team. During a 15-year career at Gartmore, where as head of European equities he had the potentially tough task of managing Roger Guy and Guillaume Rambourg, Jones oversaw asset growth from around $650 million to $17 billion in a 10-year spell.

He left Gartmore at the end of 2009, shortly before the collapse that saw it bought out by Henderson in 2011. Principal Investment Management chief executive Hugh Titcomb was quick to seize the opportunity and hired Jones as chief investment officer in February 2010.

Born on the Wirral and still loyal to local football team Tranmere Rovers, Jones studied economics at the University of Manchester and won a place to study there for an MBA before being persuaded to gain a few years’ professional experience, joining the Pru as a business consultant in 1984.

Robert Jukes

Collins Stewart Wealth Management

Number of years in industry: 16

Alongside his colleague Ed Smith, Collins Stewart’s global strategist Robert Jukes has been instrumental in developing the firm’s risk management system as a primary input into its private client portfolios. In its uncut form, it is the engine behind the company’s Remap (Risk enhanced multi asset portfolios) service.

Underpinning the task is Jukes’s view that modern portfolio theory is dead. ‘The single biggest problem is the assumption that volatility and correlation are constant. That seemingly innocuous assumption was what directly led to large losses [in 2008]. The problems have been obvious to economists for some time – but not how to fix them,’ Jukes explained to Wealth Manager in his profile interview.

Jukes, who has been at Collins Stewart for six years, also sits on the firm’s asset allocation and stock selection committees, and drives global investment strategy for the division.

John Langrish

James Hambro & Partners

Number of years in industry: 24

Cycling fanatic John Langrish would doubtless have enjoyed Team GB’s success at the London Olympics. Off the saddle, Langrish has served as a private client manager for 24 years and is currently a partner at James Hambro & Partners, having joined in January 2011.

An economics graduate from Nottingham University, Langrish won his first role in the City back in 1988 as an investment analyst at Sun Life Canada Asset Management, where he eventually managed institutional portfolios including unit trusts, UK pensions, charities and life insurance funds.

In 1999, he joined JP Morgan Fleming Private Asset Management to assume control of £200 million worth of private client portfolios in his post as UK equity head.

This was followed by a stint at Rothschild Private Banking and Trust from 2002 where, as joint head of equities of portfolio management and equities, he played a leading role in the development of the firm’s investment process and philosophy.

Kieron Launder

Schroders Private Banking

Number of years in industry: 25

Kieron Launder joined Schroders Private Banking as chief investment officer in late 2011 with a remit to work alongside head of multi-asset Nico Mareais to examine whether the firm’s private client and charity portfolios were leveraging the group’s expertise in multi-asset investing.

Schroders was also keen to utilise Launder’s eight years at Rothschild Private Management, where he headed up the firm’s strategic advisory service and investment strategy.

Launder holds a degree in economics with statistics from University College London, and began his career as a proprietary trader before moving in to wealth management. He started out at Montagu & Co, spent 15 years at Citibank and worked at Lazard for two years before joining Rothschild.

If he were not a wealth manager, Launder would have liked to have been a doctor or teacher.

Best lesson learnt during career:

‘Spend more time trying to understand and develop your gut feeling rather than trying to override it.’

Kate Leppard

Schroder Private Banking

Number of years in industry: 25

A graduate of human environmental studies at King’s College University of London, Kate Leppard started her investment career in 1987 at Quilter Goodison.

She joined Schroders in 1990, and has worked her way up to head of private clients to become a driving force in the business, where she leads the team of client directors in the private bank’s core discretionary investment management business in London, as well as being a senior member of the private banking investment committee and on the board of directors for Schroder & Co.

Leppard manages portfolios for large private families, their trustees, as well as for charities.

As well as completing the London Business School investment management programme, she holds the Investment Management Certificate and the Securities & Investment Institute diploma.

If she hadn’t gone into wealth management, she can see herself working as a speech therapist.

Sebastian Lyon & Francis Brooke

Troy Asset Management

Number of years in industry: 23&25

Francis Brooke (pictured right) and Sebastian Lyon (left) have quietly built a formidable partnership over the last few years.

The publicity-shy Citywire AAA-rated Lyon is known for his cautious nature and colourful investment commentaries.

He established Troy Asset Management in 2000 after a period at Stanhope Investment Management, where he jointly managed a £2 billion equity portfolio and was also responsible for asset allocation.

Brooke, meanwhile, served as a director at Merrill Lynch Investment Managers, where he was responsible for £1 billion of UK equities and was a member of the firm’s asset allocation and sector strategy committee before Lyon convinced him to join him.

Lyon graduated in politics and international relations from Southampton, while Brooke is a politics graduate from Edinburgh University.

Interesting statistic:

Lyon runs £2.8 billion in assets, including the Citywire Selection Trojan fund, which returned 52% in the five years to the end of July, making it the fifth best performer in its peer group.

Brooke’s Trojan Income fund has delivered an outstanding 39.1% in the five years to the end of August versus a relatively meagre rise of 7% by the FTSE All Share.

Charles MacKinnon

Thurleigh Investment Managers

Number of years in industry: 30

When Charles MacKinnon was profiled by Citywire Wealth Manager in 2009 he compared Thurleigh, the firm he founded in 2003, to EasyJet.

‘We had no clients when we set up, but we did have a model in the EasyJet concept. We saw a real appetite for people to get from A to B in a new plane at a time convenient for them. They wanted to do it the most economical way possible and didn’t mind where they sat in the plane,’ he explained.

The model has proved to be a success, justifying his decision to end a 15-year career in Goldman Sachs’ private client division to form the firm where he serves as chief investment officer.

MacKinnon has 30 years’ experience and his career in wealth management has been somewhat unconventional. He graduated in human sciences from Oxford, followed by an MBA from Insead in France, which led to a job at Goldmans.

After quitting the bank and the profession he took a year out to study horticulture, which resulted in a postgraduate diploma in garden design before he decided to return with Thurleigh.

Interesting fact:

MacKinnon is an elected governor of Sutton’s Hospital in Charterhouse.

Richard Maitland

Sarasin & Partners

Number of years in industry: 21

The resolve of Sarasin’s head of charities Richard Maitland was tested to the limit when he tried to get a job in the financial services industry as a fresh geography graduate from Newcastle University in 1991. The recession-hit job market left thousands of City hopefuls applying for limited roles.

‘I wanted to be an equity analyst or a fund manager, but there were very few jobs to be had. I got through to the last round of interviews with two investment banks, only to be told that they were closing their graduate training schemes that year,’ Maitland recalls.

He eventually landed a job at a South African firm, which took him to Cape Town for nine months before he returned to the UK a year later to take up the post on Sarasin & Partners’ graduate trainee scheme. He has been with the firm since and was made a partner in 2000 and charity head four years later.

A keen fisherman and former Wealth Manager cover star, Maitland is also a member of the firm’s executive committee.

Jonathan Marriott

Deutsche Bank Private Wealth Management

Number of years in industry: 32

A director in Deutsche Bank’s wealth management arm, Jonathan Marriott has enjoyed a multi-faceted career to date.

After starting out in equity trading, he moved into private client portfolio management and the

n joined IBJ International, where he worked in fixed income sales for 13 years, covering central banks and UK portfolio managers.

He joined Deutsche Bank in 1999 as a fixed income specialist looking after portfolios for private clients and smaller institutions, but has since established himself as a manager of international multi-asset class portfolios with a particular interest in real rather than relative return portfolios.

If Marriott hadn’t ended up in wealth management, he can see himself working as a wine merchant. During his multi-decade career, he says the best lesson he has picked up is: ‘Just because everyone else is doing it you don’t have to do the same.’

Most inspirational figure:

‘Chris Phillips [a good friend and former colleague at Deutsche], who encouraged me to move from bond sales into private wealth management. He taught me to value the individual and unusual in life - in particular, that I could often learn from listening to my clients, who frequently know more about a particular field than I can tell them.’

Ian Marsh

Fleming Family & Partners

Number of years in industry: 25

At the end of 2011, Ian Marsh chose to end a 22-year career at Credit Suisse to become head of asset management at Fleming Family & Partners.

At the time Marsh, a former Citywire Wealth Manager cover star, was head of UK private banking at the Swiss bank. Initially he joined in 1989 to take an equity sales role, which he held until 2004 when he was asked to play a part in the bank’s global integration.

Born in Cheltenham, Marsh studied science at the University of Dundee and worked a short apprenticeship at British Aerospace before being offered a position as a market trader in the City in 1984.

Peter Martin

Odey Wealth Management

Number of years in industry: 29

Peter Martin joined Odey in 2009 to spearhead the launch of an onshore wealth management operation for the renowned asset manager.

Three years on, he has successfully established the firm’s private client proposition, a multi-asset approach that leverages off its rich resources – not least strategist Tim Bond and founder Crispin Odey, while the team is evangelical about the merits of unitised portfolios in comparison to segregated.

Prior to Odey, Martin was managing director and CIO at Rothschild Private Bank, where he was Citywire A-rated as a bond manager.

He also enjoyed spells as deputy head of private clients at Fleming Private Asset Management and JP Morgan, and a fund manager at Cazenove and later Singer and Friedlander.

During his 27-year career, he cites his most profound lesson as ‘listen to the client. Give them what they want and be transparent on everything you do. With markets learn to be contrarian and trust your instincts and experience. Sometimes it is that obvious’.

Most inspirational figure:

‘One of my main inspirations was Barton Biggs during his time at Morgan Stanley. His research product taught me the importance of asset allocation and diversification. It influenced me that there is always a way to make money and to protect your capital.’

Henry Maxey


Number of years in industry: 14

It is a great endorsement when someone chooses you to succeed him as head of the firm he founded. This is what happened to Henry Maxey in April 2010 when he was picked by Jonathan Ruffer to become chief executive of Ruffer Investment Management, a mantle he officially took on in April 2012.

Maxey joined the firm in 1998 after graduating from Oxford University, where he gained an economics and management degree.

He went on to co-develop Ruffer’s Oeic range and managed a number of portfolios, including the CF Ruffer Total Return and Equity & General funds before he took a three-month sabbatical at the end of 2006.

He is a CFA charterholder.

Robin McDonald and Marcus Brookes

Cazenove Capital Management

Marcus Brookes and Robin McDonald not only oversee fund selection within Cazenove’s private client division, but have also achieved solid performances throughout the multi-manager range they run, which includes the Citywire Selection pick Cazenove Multi-Manager Diversity fund.

Head of multi-manager Brookes (pictured far right) has more than 18 years’ experience in investment management, having enjoyed spells at Insight Investment, and Gartmore. He cites Clive Miller, his former economics teacher, as an inspiration during his career and notes the best lesson he has picked up is ‘opinions may change, but principles may not’.

McDonald (below), a co-manager, joined Cazenove in 2007 from Gartmore and also enjoyed a spell at Insight Investment, following its acquisition of Rothschild Asset Management in 2003.

He names Basil Collins, his grandfather, as an inspiration during his career and says if he had not ended up in the world of investment he would have liked to have been a football manager.

Alan McIntosh

Cheviot Asset Management

Number of years in industry: 30

Although he harbours ambitions to be a best-selling novelist, Alan McIntosh has carved out a successful alternative career over the past 30 years. This has culminated in the role of chief investment officer at Cheviot Asset Management, which he joined in 2006.

McIntosh started out as a fund manager at Scottish Life, where he spent eight years. He previously enjoyed stints at Municipal Mutual and BZW Investment Management, and in 1994 joined Credit Suisse Asset Management as a UK equity strategist.

McIntosh cites working alongside Bill Mott at Credit Suisse as inspirational to his career and pays tribute to Mott’s practical, common sense approach to investment management, combined with a formidable knowledge and technical skill. This, says McIntosh, is a rare combination that he seeks to emulate.

Best lesson learnt during career:

‘Never be too proud to admit you were wrong.’

David Miller

Cheviot Asset Management

Number of years in industry: 32

David Milller has been a pivotal figure at Cheviot Asset Management, where he has worked as partner since 2007. He joined Cheviot from his role as managing director of the British Isles for Royal Bank of Canada, and has also worked as a managing director at JP Morgan Private Bank following its takeover of Flemings.

He began his investment career at stockbroker Sheppards & Chase and cites legendary investor Benjamin Graham as having a significant influence on his career, as he instilled in him the belief that consistent good performance over the long term is the real key to success.

Miller studied natural sciences at Pembroke College, Cambridge, and if he had not made his way in wealth management, he would have liked to have been a swimming coach.

Best lesson learnt during career:

‘Setbacks happen – it is how you bounce back that determines success.’

Richard Minett

Standard Life Wealth

Number of years in industry: 30

Richard Minett helped found Standard Life Wealth in 2007 and now works as senior client portfolio manager and head of the London office. He has been instrumental in driving up client numbers – particularly in the international segment.

Minett has a background in chemistry, but started out in finance with a large UK clearing bank during the 1980s, moving to private banking the following decade with roles at Gerrard, Williams de Broe, Barclays and Lloyds.

He cites as his biggest inspiration clients who have been hugely successful in the business world but still manage to maintain integrity in their personal and professional lives.

Best lesson learnt during career:

‘It isn’t as bad as it really seems.’

Stan Miranda

Partners Capital

Number of years in industry: 14

Stan Miranda founded Partners Capital in 2001 and as its chief executive has overseen the firm’s growth from start-up to global business with offices in London, Boston and Hong Kong and over $7 billion (£4.32 billion) in assets under advice.

A Harvard University graduate, Miranda holds an MBA and has an entrepreneurial background, having previously co-founded venture capital firm Evolution Global Partners. He started his career as a chartered public accountant with Deloitte Haskins & Sells and later became a director at Bain & Company.

He cites Lord Jacob Rothschild as the biggest influence on his career and has sought to take on Rothschild’s ethos on how to evaluate great asset managers. Rothchild sits alongside a number of other high profile strategic investors in Partners Capital, including Sir Ronald Cohen, co-founder and former executive chairman of private equity firm Apax Partners, and Höegh Capital Partners, the investment management arm of the Höegh shipping family.

Had he not taken up a career in wealth management, Miranda would have liked to have been a Hollywood film maker.

Best lesson learnt during career:

‘Think long term. Invest long term.’

Andrew Morris

Rathbone Investment Management

Andrew Morris, a director at Rathbones, has no small task of overseeing Rathbones’ investment management businesses in Aberdeen, Birmingham, Edinburgh, Kendal and Liverpool, while also managing a large number of client portfolios.

He has spent his entire working career at Rathbones in private client investment management and was appointed to the board in November 2000. He is also chairman of the group’s business continuity and training and competence committees.

Ben Mountain


Number of years in industry: 12

Ayrton Senna, the late Formula One World Champion, has always been a source of inspiration for Ben Mountain, who has long admired the enigmatic racer for being a perfectionist with a competitive spirit that always strove to go the extra mile for his team.

Mountain, who believes he would be an architect if he hadn’t chosen to work within financial services, joined Quilter in 1999 after graduating from Aston University with a 2:1 in Information Technology for Business, before moving to the firm’s research team as an analyst.

Mountain is currently head of investment fund research and joint head of the firm’s managed portfolio service, as well as being a member of Quilter’s asset allocation committee.

Best lesson learnt during career:

‘Always expect the unexpected and never be complacent.’

Mike Neumann


Number of years in industry: 24

Mike Neumann, an investment director at Bestinvest, started his career trading bonds in the wholesale market in 1987, but it was his decision to leave the industry to do an MBA at Cranfield School of Business in 1995 that changed the direction his career took.

After completing his MBA he met John Spiers, the founder of Bestinvest, and in 2003 the business launched its discretionary managed service, which now manages around £1.3 billion.

Neumann took a sabbatical in 2007, during which time he acquired a pilot’s licence and competed in the Round Britain Offshore Powerboat Race. He rejoined Bestinvest at the end of 2008.

Unsurprisingly, when asked to name the most inspirational figure of his career, Neumann cites Spiers, as an entrepreneur who is determined to provide clients with access to the very best investments.

Deryck Noble-Nesbitt

Close Brothers Asset Management

Number of years in industry: 12

Deryck Noble-Nesbitt joined Close in 2006 and works as managing director of investments and smaller companies, alongside running his own top-performing fund.

He has recently been tasked with launching a discretionary fund management service for the firm.

Noble-Nesbitt graduated with a biological anthropology degree from Cambridge University, but made the switch into accountancy and qualified with Deloitte and Touche. He worked for the firm in London and New York over the following six years, but made the move into investment management in 2001 with a position at Govett Investments.

Michael O’Sullivan

Credit Suisse

Number of years in industry: 18

If Michael O’Sullivan had not opted for a career in wealth management, he would have probably made a career as a university lecturer. He was educated first at University College Cork, Ireland, where he graduated in commerce and finance. Going on to study at Balliol College, Oxford, he obtained MPhil and BPhil degrees as a Rhodes Scholar, which help to finance teaching roles at Oxford and Princeton.

Prior to joining Credit Suisse in July 2007, where he now heads portfolio strategy and thematic research, he spent around 13 years as a global strategist at a number of sell-side institutions, including State Street Global Markets.

Best lesson learnt during career:

Try to combine good ideas with clear communication.

Algernon Percy

JO Hambro Investment Management

Number of years in industry: 21

As a tender 21-year-old, a chance encounter with David Chaplin, one of JO Hambro Investment Management’s (Johim) founders, had a lasting impact on Algernon Percy’s career.

‘[The meeting] was around 20 years ago, when I had a temporary job delivering desk diaries around the City,’ Percy, a former Wealth Manager cover star, recalls. ‘I used to drive my old maroon Audi Quattro around the City and I started applying for jobs through the various graduate training programmes.’

Percy was shortlisted for a junior post at the firm but was eventually turned down. However, Chaplin told to him apply for jobs with other investment houses and to stay in touch. Percy followed his advice, which led to a nine-year spell at Mercury Asset Management and then Merrill Lynch Investment Management before he finally ended up at Johim in 2003. Six years later, he was appointed head of private clients.

Gary Powell


Number of years in industry: 18

Gary Powell qualified as a solicitor at top firm Linklaters before making the jump into investment management. He joined Rothschild as an investment banker in 1994, climbing the ranks to become director of the financial institutions group.

He then made the move to the wealth management division, and spent six years as head of UK wealth management. He later became head of strategy and corporate development for the Rothschild Group and has been instrumental in pushing growth in the business and boosting top-tier staff count.

He holds a degree in natural sciences from Cambridge University and an MA in philosophy from Kings College London, which he achieved during a sabbatical in 2004.

If he hadn’t entered the world of investment, he would have liked to have been a philosophy don.

Rosamunde Price

Seven Investment Management

Number of years in industry: 33

Rosamunde Price, chief investment officer of Seven Investment Management, has spent more than three decades working for a list of prominent investment houses, including Citibank Private Bank, where she developed an asset allocation strategy based on individual clients’ risk/return profiles.

Prior to this she took responsibility for institutional portfolios and pension funds, including the Civil Aviation Authority Pension Fund (CAVIAPEN), and for European portfolios at GFM International Investors Ltd, the international asset arm of US insurer Metropolitan Life.

Price, who has an MSc in business studies from the London Business School, cites Einstein and the power of compound of interest, closely followed by Newtonian mechanics, as the two biggest influences and sources of inspiration of her career.

Mark Rayward

Veritas Asset Management

Number of years in industry: 27

Mark Rayward cut his teeth as a trainee stockbroker at Vivian Grey in 1985. He joined Newton Investment Management a year later, where he trained as an investment analyst.

During his 23 years at Newton, he was an investment director in the private client division, head of charities and private clients between 2002 and 2009. Latterly, he enjoyed the role of deputy CEO between 2007 and 2009.

Rayward joined Veritas Asset Management in 2010 as head of UK private clients, where he has played a key role in contributing to the firm’s investment process and driving asset growth. He notes if he had not ended up in wealth management, he would spend the time sailing.

Best lesson learnt during career:

‘It is never wrong to take a profit.’

Eddy Reynolds

Standard Life Wealth

Number of years in industry: 21

Chief investment officer Eddy Reynolds was hired from Lloyds Private Bank in 2010 as part of Standard Life Wealth’s aggressive wealth management growth plans.

Edinburgh-based Reynolds graduated in mathematics from Manchester University and has over 21 years’ investment experience. His career kicked off at Aegon Asset Management in 1991 as US equity analyst and fund manager.

In 2001, he joined Scottish Widows Investment Partnership as a product development director before becoming head of investments at Lloyds in 2007.

Away from the office, he enjoys skiing, climbing hills and playing golf.

Delyth Richards

Kleinwort Benson

Number of years in industry: 21

Delyth Richards counts a degree in geography from the University of Durham alongside an MA in property law & valuation from Cass Business School among her academic achievements.

She has spent the past three years driving fund selection across all asset classes, including equity funds, commodity funds, private equity funds, hedge funds and alternatives, at Kleinwort Benson.

Prior to this, Richards was head of real estate advisory at the bank. She also enjoyed spells at Citibank, where she was a structured finance specialist.

Anthony Rosenfelder

Veritas Asset Management

Number of years in industry: 26

Anthony Rosenfelder co-founded Veritas Asset Management in 1993, utilising decades of experience in the investment industry, including a stint setting up an in-house bank for an oil trading company. Rosenfelder has worked as a director at Rothschild Bank and cites his greatest influence as George Warburg, who gave him sound advice when he worked in corporate finance. He also values the Rothschild family’s ethos towards private client fund management.

Rosenfelder holds an economics degree from the London School of Economics, as well as an MBA from Harvard Business School, and if he hadn’t ended up in investment management would have liked to have been a private client lawyer.

The best lesson learnt during career:

‘Crisis management provides the strongest lessons on personal strengths and maintaining one’s long-term convictions.’

David Rowe

UBS Wealth Management

Number of years in industry: 26

When David Rowe, a managing director at UBS, is asked who has most influenced him over the course of his career within the financial services industry, he immediately cites numerous colleagues that have worked alongside him in various roles.

He states that the quality of these individuals, particularly their honesty, integrity and the devotion that they have applied to their trade on behalf of clients, workmates, and the investment houses that employed them, was – and continues to be – a tremendous source of inspiration for him.

Rowe, who currently resides in Surrey and graduated with a degree in Economics from Exeter University, started his career in the City as a trainee with Schroders back in the mid-1980s before making the decision to move to UBS in 2002.

Gayle Schumacher

Coutts & Co

Number of years in industry: 29

US-born Gayle Schumacher studied economics at Stanford University, California, and can also claim a masters in Latin American Studies from the University of London.

She began her career as an oil analyst at Wood Mackenzie and subsequently worked at Robert Fleming and Gartmore as an institutional pension fund manager. She joined Coutts in 2000 and was appointed head of the investment office in October last year, having previously held the position of global co-CIO.

If she hadn’t gone into the world of investment, she can see herself as an academic.

John Scott

WH Ireland

Number of years in industry: 45

WH Ireland’s head of private clients John Scott started his career in stockbroking in the City in 1967 and enjoyed a stint at Grieveson Grant before returning home to Manchester to join Charlton Seal Dimmock and later Birmingham’s Albert E Sharp, which became Barclays Wealth.

A former Wealth Manager cover star, Scott is clear on what has been the key to survival for businesses such as WH Ireland in an age when supposedly size has conquered all.

‘It’s the very fact that they can provide a personal service. Not everybody wants to be looked after by an organisation that’s large and faceless. They [clients] do appreciate the personal contact and that’s where we need to have our niche.’

Scott attended Urmston Grammar before heading down to London to study for a degree in economics.

Richard Scott & Daniel Lockyer

Hawksmoor Investment Management

Number of years in industry: 25&20

Daniel Lockyer joined Hawksmoor in 2009 and works alongside Richard Scott and Ben Conway managing a range of top-decile funds. His investment career includes a period spent as a money market and foreign exchange dealer at Abbey Life Investment Services, and he was a founding member or iimia in 2002.

Richard Scott started out a graduate trainee at Smith New Court Investment Services, following a history degree at Exeter University. Via a series of moves, he developed a specialism in US equities at Hambros Bank, worked on investment trusts at Exeter Investment Group and later joined Hawksmoor.

Scott cites John Templeton as the most inspirational figure in his investment career, since he is a man who managed to combine Christian values with a lasting legacy as one of the best investors of his day, and always believed in cultivating humility.

Jonathan Seal

Investec Wealth & Investment

Number of years in industry: 25

Jonathan Seal is a figurehead in the Liverpool wealth management community. He entered the financial services world in 1988 at Rensburg and has remained at the firm through its many transitions, including its recent acquisition by Investec.

As head of the firm’s Liverpool operation, Seal runs money for a combination of high net worth individuals, pension funds and charities. He also sits on the firm’s management and business development committees.

Outside of work, Seal is a keen golfer and a member of the Royal Birkdale championship club. Having studied at the Britannia Royal Naval College, he went on to serve in the Royal Navy and the Sultan of Oman’s navy – doubtless the reason his heart is close to the charity Help for Heroes. He cites the professional commitment and sacrifice made by the UK’s servicemen and women as ‘truly inspiring’.

Richard Spencer

Brooks Macdonald Asset Management

Number of years in industry: 27

Richard Spencer was part of the founding team that set up wealth firm Brooks Macdonald in 1991. Spencer, who says he would have been an accountant if he was not plying his trade in wealth management, serves as chief investment officer.

After gaining a degree in economics and politics from Hull University, he started his career at FPS Management in 1985 before switching to Pall Mall Money Management, where he managed portfolios for private clients before he set up Brooks.

His role involves ensuring the firm has a ‘robust’ investment process, especially important following its sharp jump in assets since its flotation in 2005. Spencer says the best lesson he has learnt in his career came in 1987, when the market crash gave him a valuable insight into how clients react in different ways.

Most inspirational figure:

‘Chris Macdonald, who I have worked with for 27 years. I learnt from him the importance of a consistent balanced approach and ensuring you have good people around you.’

Peter Thomson

Taylor Young Investment Management

Number of years in industry: 25

Peter Thomson, Taylor Young’s CEO and CIO, started his career working for the senior partner of Vivian Gray/Gerrard Vivian Gray after graduating with a degree in mathematics and statistics from London University.

After 18 years under the ever-changing monikers of the Gerrard Vivian Gray investment management and stockbroking group, he left Gerrard in 2004 to join Taylor Young Investment Management, and was appointed CEO in 2006.

Alongside running the business, he continues to manage portfolios for individuals, trusts, charities and pensions and has sought to establish what he calls ‘a family office for smaller end high net worth individuals’ with backing from Athens-based money manager Alpha Trust.

Most inspirational figure:

Thomson cites Roger Pincham, Tony Skailes, Stephen Cooke – all colleagues during the early years of his career – as key influences, alongside Warren Buffett’s investment style and Michael Porter’s analytical skills.

Nick Tucker

UBS Wealth Management

Number of years in industry: 26

During his wealth management career, Nick Tucker has worked for two of the biggest names in the business. He spent over 10 years in various roles, which saw him take up posts in London, Monte Carlo, Dubai and Sydney for Merrill Lynch Wealth Management, before settling as head of the bank’s UK and Irish wealth business.

In July 2010, he quit the bank in order to spend more time with his family. A few months later he was offered a role with Merrill Lynch’s rival UBS, where he accepted the post of head of UK domestic.

Tucker was educated at Wellington College, before gaining a politics degree from Exeter University.

Caroline Tye


Number of years in industry: 17

Newton’s head of private clients Caroline Tye graduated with a 2:1 in economics from Emmanuel College in Cambridge and also counts the CFA, ACA and IIMR among the qualifications she has under her belt.

After training as a chartered accountant at Ernst & Young, specialising in financial services, she left the world of accountancy for investment, joining Newton in 1998 as a trainee fund manager in the private client team.

In 2004, she was appointed lead manager of the Newton Bridge and Balanced Bridge funds and took over from Simon Pryke as head of private clients for the business in January of this year.

Eric Verleyen

Société Générale Private Banking Hambros (SGPB Hambros)

Number of years in industry: 14

SGPB Hambros’ group chief investment officer Eric Verleyen owes some of his success to one of the world’s legendary investors. ‘Warren Buffett was key in developing my way to assess an investment. Then I had to combine his approach with behavioural finance in order to understand better the most suited investment for private client.’

This technique has been honed over a 14-year career, which saw French-born Verleyen enjoy spells at KBL Luxembourg, where he headed a team of portfolio managers, and Sakura Bank Luxembourg. He joined Société Générale in 2005 as head of discretionary management for private banking in Luxembourg, before he was named CIO in 2009.

Verleyen was educated at the Institut d’Administration et de Gestion, of Louvain in Belgium and is currently responsible for £2.5 billion at SG Hambros. He says he would ‘coach people’ if he were not a wealth manager.

Best lesson learnt during career:

‘Adversity makes you strong.’

Juliet Wedderburn

Deutsche Bank Private Wealth Management

Number of years in industry: 25

As head of Deutsche Bank Private Wealth Management’s London operation, Juliet Wedderburn has worked to grow the private bank’s presence in the South of England, following a career that has included roles at a range of institutions.

She previously worked at Bankers Trust and JP Morgan Chase, and first joined Deutsche in 1996 to work as managing director of global markets.

Wedderburn left the organisation in 2004 to chair a mental health charity and work as partner at a hedge fund, but returned to Deutsche in 2007 and has worked solidly on developing the wealth management offering ever since.

Tim Wood

McInroy & Wood

Number of years in industry: 16

Tim Wood has a special relationship with his father, so close the latter trusted him enough to appoint him chief executive of the wealth management firm he set up in 1986.

McInroy & Wood was formed in 1986 in Haddington, East Lothian, by two members of the same family, Alan McInroy and Victor Wood, who left an Edinburgh fund manager to set up the venture. Over the last 25 years, the firm has held its ground admirably in the Scottish wealth management battlefield, with Wood junior overseeing a team of seven investment professionals.

Wood joined his father’s firm in 2000 after graduating with a masters in mechanical engineering from Bristol University in 1996. He started out as an analyst at the London Stock Exchange, where he gained a wide experience of primary and secondary markets in the UK and overseas. He became a CFA charterholder in 2003, and has developed a specialist interest in the smaller company sector.

Standout fact:

In the three years to the end of August, Woods’ McInroy & Wood Smaller Companies fund was the eighth best performing fund in its 128-strong peer group, with a return of 44.2%.

Tony Wood

Standard Bank Jersey

Number of years in industry: 26

When it comes to thinking outside of the box, Standard Bank Jersey relies heavily on Tony Wood. In his role of head of investment strategy at the group, Wood manages the Alternatives Strategies fund, where he combines his understanding of the specific technical factors across a range of different investment strategies to drive returns.

He is also head of the bank’s fund management team, for which he edits the quarterly Investment Review and Outlook.

An economics and politics graduate from the University of West England, Wood specialised in international bond and currency markets before moving into general asset management.

He joined Standard Chartered in 1991, and is a chartered fellow of the Chartered Institute for Securities and Investment and a fellow of the Chartered Institute of Company Secretaries.

Jim Wood-Smith

Investec Wealth & Investment

Number of years in industry: 26

Warren Buffett and Eric Idle – the two most inspirational figures in Jim Wood-Smith’s career – could not be more different. ‘Everyone working in the wealth management industry should be tested on the works of Buffett rather than modern portfolio theory and should be able to speak Python for more than 15 minutes uninterrupted,’ he says.

Having spent his entire career in wealth management, Wood-Smith probably has a little more in common with Buffet than Idle. After graduating in politics from Hull University, he learnt the ropes at Barclays Trust Company in the 1980s before spells at Gerrard and Greig Middleton. He joined Christows in 2005, which acquired Williams de Broe the following year. The firm was acquired by Investec Wealth & Investment, where Wood-Smith serves as chief investment strategist.

Best lesson learnt during career:

Most of us are human.

Christopher Wyllie



Christopher Wyllie has plenty of responsibility serving as chief investment officer at Iveagh, the Guinness family office. In this role he manages around £200 million in assets, which includes the flagship Iveagh Wealth fund.

Wyllie, a history graduate from Cambridge, has worked for some of the top names in the business. His career started out in banking at Brown Shipley in 1988. Four years later he moved into fund management with F&C, where he was responsible for UK equity funds. In 1997 he joined Schroders Investment Management and was in charge of some £2.1 billion in fund assets as head of the UK equity strategy. He took a similar role at Merrill Lynch Investment Management before moving into private wealth management with JP Morgan Private Bank in 2005. A year later he joined Iveagh as a partner.

Most inspirational figure:

The late Jim Cox, who was head of equities at Schroders, of whom Wyllie says: ‘Although one of the most talented managers of his generation, he wore it lightly, and was a nice man. His style was understated, conscientious yet determined – he could soak up pressure, something a contrarian investors has to be able to do.’