Wealth Manager - the site for professional investment managers

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

Waverton hires executive trio in business drive

Waverton hires executive trio in business drive

Waverton has bolstered its board with the hire of three senior former fund executives in a drive to build on alternative channels, alongside its core private client base.

The two new non-executives will run a new audit committee, chaired by Christopher Keljik, an executive director of Standard Chartered Bank Australia, who is joining as a non-executive director, alongside former Rothschild Asset Management chief executive Peter Troughton.

Vivien Gould, who has been a director at River & Mercantile Investment Management, has also joined as a non-executive.

'The new appointments greatly reinforce our board and we look forward to using their experience to help drive forward our strategic growth plans,' the company said.

Keljik is also currently senior independent director of the £2.35 billion Foreign and Colonial Investment Trust where he sits on both the audit and nomination committees. Thoughton currently chairs the £370 million Lowland investment trust, while Gould, who has also worked at Gartmore and Exeter Investment Group, is She is currently director and trustee of The John Ellerman Foundation where she is a member of the finance committee.

She also chairs the Stroke Association's investment committee and is a member of the executive and remuneration committees.

Earlier this year, chief executive Hugh Grootenhuis (pictured) stressed that while private clients would always be at the company’s core, the lack of scalability when running bespoke portfolios, means strong asset growth can be more easily achieved in other channels.

This was echoed by director Stephen Browne, who outlined a push in its wealth manager’s global equity institutional platforms, in what he described as a ‘departure’ from Waverton’s pure private client business. He also said new products will be added to its range of specialist mandates.

The former JO Hambro Investment Management business was rebranded in January following the completion of its acquisition by BNL and Waverton staff from Credit Suisse for an undisclosed sum earlier in 2013.

The firm runs the flagship Waverton European fund, managed by Citywire AAA-rated Oliver Kelton, and specialist funds including Global Bond, UK, Equity and Asia Pacific funds.

Leave a comment!

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

Related Fund Managers

Oliver Kelton
Oliver Kelton
125/193 in Equity - Europe (Performance over 3 years) Average Total Return: 24.64%
Citywire TV
1 Comment Play Citywire Scotland: how wealth managers use new tech

Citywire Scotland: how wealth managers use new tech

We caught up with a few wealth managers at our annual event in Gleneagles to find out what technological innovations they are employing across their businesses.

1 Comment Play CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

CEO Tapes: Buxton to Gilbert - ‘my Glencore quandary’

Do not miss the first two minutes of this film as Richard Buxton shares how he has been challenged by a client for owning shares in a certain company.

Play CEO Tapes: the huge opportunities for asset managers

CEO Tapes: the huge opportunities for asset managers

From tech disruption, retirement and poaching, the CEO discuss the opportunities for their businesses in this episode.

Read More
Wealth Manager on Twitter