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.

Weatherbys’ wealth head Buchanan departs

Weatherbys’ wealth head Buchanan departs

Weatherbys’ head of wealth management Roddy Buchanan (pictured right), a former Wealth Manager cover star, has left the private bank.

Buchanan’s departure comes after a two-year stint at the firm, during which time he had been tasked with launching a dedicated investment management division at Weatherbys, the official bank of the British Horseracing Authority.

The reasons for Buchanan’s exit are unknown. A spokesperson for the bank confirmed the departure and said he would not be replaced.

‘Roddy Buchanan has left Weatherbys Private Banking after two years in which he has helped us to build and launch our discretionary investment management service,’ the spokesperson said.

‘He will not be replaced directly. The investment service remains the responsibility of Adrian Crichton, head of private banking.’

The firm’s discretionary investment management service was launched in late 2010. At the time it was dubbed one of the three pillars of the private bank’s triple-pronged investment approach.

The other pillars being internal research by the group’s financial planning and banking teams and an independent investment committee chaired by Roger Weatherby, the private bank’s eponymous chief executive.

The service was developed with Asset Risk Consultants and comprises four risk-based portfolios, ranging from cautious to growth, which are run as funds of funds.

Buchanan was formerly head of wealth management at Ansbacher and also enjoyed a stint at SG Investment Management as deputy managing director.

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 Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Your Business: Cover Star Club

Profile: Barclays' former advisory boss on his move into property

Profile: Barclays' former advisory boss on his move into property

On paper, Rick Denton might have been expected to finish his career in banking

Wealth Manager on Twitter