Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and 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.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter