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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.

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Oliver Kelton
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1/58 in Equity - Europe (Performance over 3 years) Average Total Return: 111.38%
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