Wealth Manager - the site for professional investment managers

WM - Wealth Manager
Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

You're hired! Top 20 wealth and fund moves in January

The new year kicked off with some major moves in the wealth and funds worlds.

Andrew Formica to become Jupiter CEO

One of the biggest moves in the first month of the year saw Andrew Formica make a surprise return to the front ranks of UK fund management, taking the reins of Jupiter from chief executive Maarten Slendebroek in March.

Slendebroek had led Jupiter since 2014. Formica (pictured), former head of Henderson, departed the merged Janus Henderson group last summer as the business put former Janus boss Dick Weil in sole charge.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Share this story

Andrew Formica to become Jupiter CEO

One of the biggest moves in the first month of the year saw Andrew Formica make a surprise return to the front ranks of UK fund management, taking the reins of Jupiter from chief executive Maarten Slendebroek in March.

Slendebroek had led Jupiter since 2014. Formica (pictured), former head of Henderson, departed the merged Janus Henderson group last summer as the business put former Janus boss Dick Weil in sole charge.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Richard Buxton steps down as Merian CEO

Another big story saw Richard Buxton step down from his role as chief executive of Merian Global Investors to be replaced by Mark Gregory, who joined the firm's board as a director in 2018.

Buxton (pictured) remains with the business as head of UK equities and manager of the Merian UK Alpha fund.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Wealth firm faces more upheaval after sudden CEO exit

Meanwhile there was something of a shock at KW Wealth – formerly European Wealth – as chief executive Marianne Ismail (pictured) left the firm after just 18 months.

Kingswood group deputy executive chair Gary Wilder, founder of  Kingswood Property Finance, took charge in her stead.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Walker Crips Investment Management CEO Rushton to exit

There was yet another big change at the top, this time at Walker Crips Investment Management as the group’s chief executive and chief investment officer, Mark Rushton, left the firm.

Also a board director, Rushton (pictured) will depart the company on 28 February, with the group's CEO Sean Lam taking on the dual role of chief executive of Walker Crips Investment Management

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Schroders' Jenny Jones to retire after nearly forty years

One of the UK's longest serving fund managers, Jenny Jones (pictured), announced her retirement after nearly 40 years in the industry.

Jones, who is head of Schroders' US Smaller Companies and US Mid Cap funds and has been with the firm for 16 years, is to retire at the end of March. She will hand over her responsibilities to Bob Kaynor, current co-manager of the mid cap fund.

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Hargreave Hale trio exit to set up Raymond James firm

Elsewhere Wealth Manager revealed that Hargreave Hale branch principal Neil Jones  left with his colleagues Ian Kavanagh and Victoria Macdonald to set up their own wealth firm, Manorbridge Investment Management.

Manorbridge, which is based in London’s Fitzrovia, will operate as a Raymond James company and becomes its 11th outpost in the capital and its 62nd across the UK.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Sandwich fortune heir quits Odey to run family business

Orlando Montagu, deputy chair and long-standing partner at Odey, is leaving the firm at the end of March to focus on running his family’s gourmet sandwich business.

He will run Florida-based business Earl of Sandwich, founded by his father, John Edward Hollister Montagu, the 11th Earl of Sandwich.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

UBS and C Hoare veteran joins family office start-up

Owl Private Office, the wealth advisory firm set up by Lord North Street alumni, hired a UBS Wealth Management and C Hoare veteran as a partner.

Aisling McArdle (pictured) was latterly the CEO of a single family office and was also previously the director of investments for a Forbes 500 single family office in New York.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Brewin hires wealth director from Canaccord for 1762 arm

Brewin Dolphin hired wealth director Furqan Sheikh from Canaccord Genuity Wealth Management as part of its drive to expand its new London base.

At Canaccord, Sheikh (pictured) specialised in providing advice to clients operating in technology, media and telecoms sectors. His appointment takes the total headcount of Brewin's St James’s office to 27.

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Whitechurch boss ends 22y tenure with Xmas exit

Gavin Haynes, managing director of Bristol’s Whitechurch Securities, exited the company at the end of December.

Chair of the business Kean Seager, took on day-to-day management on an interim basis, while Haynes's asset management responsibilities are being shared across the funds team.

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Ex-Quilter MPS boss handed key role at wealth boutique

Julian Menges, the ex-head of Quilter’s £1 billion managed portfolio service (MPS), reunited with a former colleague after joining Salisbury-based boutique Casterbridge Wealth.

He takes charge of the five-strong investment team previously led by the wealth manager’s chief executive, Keith Edwards (pictured), another Quilter alumni who left the firm at the same time as Menges, having held the post of executive director.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Small-cap manager Staveley to leave Majedie AM

Wealth Manager revealed that small-cap equity specialist Richard Staveley left Majedie Asset Management. 

Staveley joined the firm in 2013 from River and Mercantile to run the UK Smaller Companies fund within the firm's flagship UK Equity fund.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Brown Shipley hires new director from Barclays Wealth

Brown Shipley bolstered its Manchester office with the hire of Lee Ramsden (pictured) from Barclays Wealth.

Ramsden, who has 13 years' experience in the financial industry, joins as client director.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Baillie Gifford names new partner as 30-year vet retires

Gerald Smith, who has been a partner at Baillie Gifford since 1998 and previously served as the chief investment officer, is set to retire in April.

Smith (pictured) manages the Baillie Gifford Multi-Asset Income fund, alongside Scottish American (SCAM) manager James Dow and bond manager Steven Hay.

It came as the firm appointed Citywire AA-rated fund manager Gary Robinson as a partner.

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

JPM global bond CIO Nick Gartside exits

Global fixed income veteran Nick Gartside resigned from JP Morgan Asset Management, with Iain Stealey replacing him as international chief investment officer of global fixed income, currency and commodities group

The Citywire + rated manager (pictured) joined the firm from Schroders in 2010. His depature saw him removed from the £2 billion JPMorgan Global Bond Opportunities and the £1 billion JPMorgan Unconstrained Debt funds.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

7IM senior investment manager Simon Moore exits

Seven Investment Management (7IM) senior investment manager Simon Moore, an investment trust specialist, left after two years at the firm. 

Moore (pictured) previously spent seven years as head of research at wealth manager Tilney Bestinvest. He departed in 2016 amid a restructure of its research functions, following the acquisition of Towry and Ingenious Asset Management.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Quilter Cheviot’s Liverpool office head steps down

Quilter Cheviot’s Liverpool office head, Simon Walker, stepped down, handing his responsibilities to executive director Nigel Hibbert.

Hibbert and Walker (pictured) founded the then-Cheviot’s first office outside London in Liverpool in 2011, having previously been long-term colleagues at Deutsche Bank and Tilney.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Stonehage hands Schroders tech wealth boss COO post

Schroders’ former head of technology, Glenn Murphy (pictured), joined Stonehage Fleming in the newly created role of chief operating officer.

He assumes responsibility for overseeing the development of the family office's strategic operating and technology platforms.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Nevsky founder returns from retirement with hedge fund

Founder and CIO of Nevsky Capital Martin Taylor returned to asset management with the planned launch of a hedge fund business, Crake Asset Management, in October.

Taylor (pictured) established the venture two-and-half-years after he nominally retired and closed his $1.5 billion (£1.15 billion) Nevsky Capital hedge fund.

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Veteran Coutts director joins UBS in North East

Alison Lander called time on her two-decade career at Coutts, joining UBS as director of its Newcastle office, where she will develop the business in the north east and work with clients in the region.

Lander was an executive director and team leader at the private bank from 1998 to October last year, joining the Newcastle office in 2015.

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Share this story

dot

Related Fund Managers

Richard Staveley
Richard Staveley Average Total Return:
13.37%
133/165 in Equity - UK (All Companies) (Performance over 3 years)
Richard Buxton
Richard Buxton Average Total Return:
22.08%
72/165 in Equity - UK (All Companies) (Performance over 3 years)
Jenny Jones
Jenny Jones Average Total Return:
43.28%
33/58 in Equity - US Small & Medium Companies (Performance over 3 years)
Nick Gartside
Nick Gartside
dot
dot
dot

Top stories

Read More
dot