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Top of the class: London's 30 leading lights in private client management
The wealth management sector is filled with talent, but with careers spanning decades, these 30 client-facing individuals have been pointed as among the best in the industry.
Hugh Adlington, Rathbone Investment Management
Adlington is an investment director responsible for a team that looks after the assets of a wide range of private clients, including their pension funds and charities. Adlington also chairs the strategic asset allocation committee which meets monthly, sits on a number of committees that research and recommend externally managed collective vehicles and is a director of Rathbone Investment Management. He started his career in 1989 at Fleming Private Asset Management, before moving to Rathbones in 2001, a year after Robert Fleming was acquired by JP Morgan Chase.
Clare Anderson, Cazenove Capital Management Limited
Anderson joined Cazenove Capital Management in 1996 and is a director of the firm. She specialises in investment for high net worth individuals, specialist charities and complex family groups and has 16 years' investment experience.
Rohan Armes, Smith & Williamson
Armes joined Smith & Williamson in 1989 after six years in the wine trade. He has looked after private clients in the investment department and became an assistant director, then director in 1999. Armes currently heads a team of four looking after some 120 families, both on and offshore, working with individuals and their trustees. He has experience of running portfolios in a wide range of tax environments including pension funds and situations involving non-standard residence and domicile.
Rupert Baron, Rathbone Investment Management
Investment director Baron manages a broad range of investment mandates including those for individuals, trusts, pension funds, charities and local authorities. His team is responsible for nearly £400 million. He has over 27 years' experience within the private client investment industry. Prior to joining Rathbones in 2000, Baron worked for Albert E Sharp during the 1990s and for Savory Milln during the 1980s.
Debbie Behrens, Charles Stanley
Behrens became a member of the London Stock Exchange in 1988 and was appointed a director of Allied Provincial the following year. This became part of Gerard where she was an investment manager with responsibility for private individuals, trusts and charities.
She joined Charles Stanley following the transfer of business from Insinger de Beaufort where she focuses on discretionary investment management for private clients, personal pensions and trusts. Behrens is also a member of the investment strategy committee of Charles Stanley. This committee meets monthly to discuss the global investment environment and makes asset allocation and investment decisions.
Jamie Black, Sarasin & Partners
Black is head of private clients and a partner at Sarasin & Partners
Harry Burnham, Brewin Dolphin
Burnham was part of the Williams de Broe team that joined Brewin Dolphin in January 2000, after spending seven years at the former company. Before that he worked fo Associated Newspapers.He is responsible for a wide range of individual, trust and charitable portfolios as well as the management of the Brewin Dolphin pension fund.
Randolph Churchill, Rathbone Investment Management
Randolph Churchill is an investment director and chartered accountant. Churchill previously led an investment team at Schroders Private Bank. Before that, he was director in charge of charities at Lazard Asset Management running investments for a number of larger UK charities. He also worked in investment banking at NM Rothschild and Goldman Sachs in New York.
Mary-Anne Daly, Cazenove Capital Management
Daly is a director of the firm, having joined in 2001. She is head of the private client business with assets representing close to 50% of overall funds under management. Daly joined from Baring Asset Management where she had been head of client service and business development for private clients.
Prior to her time at Barings, Daly spent seven years at Baring Brothers and also worked for Chase Manhattan Bank in London. Overall, she has 27 years of investment and banking experience.
Peter Fernandes, Smith & Williamson
Fernandes has spent over 22 years in the private client investment management industry, including 12 years at Fleming Private Asset Management. He joined NCL Investments in 2001, which later merged with Smith & Williamson, and counts growing the firm to prominence and landing a seat on its board as among his greatest professional achievements.
If he didn’t work in wealth management he could see himself ‘flying and farming in Africa’, and believes it is important to tell people ‘exactly how it is and what you think.’
Stephen Ford, Brewin Dolphin
Ford began his finance career in the building society movement and joined Brewin Dolphin in March 2000. Since then his team has grown into one of the largest within the company with assets in excess of £600 million under management. He became joint head of the London office in 2008 and was appointed director of the operating company, Brewin Dolphin Limited, in October 2009.
Dougal Fraser, Williams de Broe
Fraser’s investment career began 25 years ago at Grieg Middleton, before he made the move to Matheson Securities in 1991. There he won the discretionary mandate to manage £15 million against stiff opposition, something he describes as his greatest professional win. In 2010 he resigned to join Williams de Broë, where he runs £110 million, is an executive director of the company and chairs the committee that runs the London office.
He loves investment management because of the ‘never ending challenge of trying to get it right’, but if he hadn’t been lured in, he would have wanted to have been a writer.
StJohn Gardner, Arbuthnot Latham & Co Ltd
StJohn Gardner joined Arbuthnot Latham from Merrill Lynch where he was the director and head of the UK managed fund service. He previously spent ten years in the Lloyd's of London insurance market and was then an assistant to the chairman at Rea Brothers.
StJohn was one of the architects of Arbuthnot's independent investment management process and is the head of the discretionary investment unit. StJohn also manages the assets of a small group of high net worth clients.
Ken Hall, Investec Wealth & Investment
Ken Hall leads a team of nine investment specialists and experienced support staff who collectively manage assets on behalf of private individuals, trusts and personal pension schemes.
Jeremy Hervey, Cazenove Capital Management Limited
Jeremy Hervey joined Cazenove in 2002 and is head of charities with responsibility for managing UK charity and private client portfolios. Hervey is also vice chair of the private client investment committee. He joined after nine years at HSBC Investment Management. A graduate from University College London with a first class degree in economics and philosophy, Hervey is a director of Cazenove Capital with 18 years of investment experience.
Kate Leppard, Schroders Private Bank
Having studied human environmental Sciences, Leppard started her investment career in 1987 at Quilter Goodison. She joined Schroders in 1990 and now leads the team of private bankers that manages the core discretionary investment management business in London.
David Miller, Cheviot Asset Management
After graduating from Cambridge in 1980 with a degree in natural sciences, Miller began his investment career as a stockbroker at Sheppards and Chase, before moving to Fleming Private Asset Management.
Following the takeover of the company in 2000, Miller became managing director and head of the UK private client investment team at JP Morgan Private Bank. He then moved to the Royal Bank of Canada to run the British Isles investment business.
He joined Cheviot Asset Management in 2007 where he is now a member of the investment committee.
Algernon Percy, J O Hambro Investment Management
Algernon Percy joined JOHIM in 2003 and sits on both the asset allocation and executive committees at the firm. In November 2009 he was appointed head of private client business, and since then he has also been running the JOHIM portfolio fund, private client and charity portfolios.
He joined Mercury Asset Management in January 1994 where he worked in the private clients department for nine years. For two years during this period he also had responsibility for researching the UK media sector on behalf of the MAM Group. Four years after Mercury's takeover by Merrill Lynch, he became a director of Merrill Lynch Investment Managers.
Leigh Philpot, Kleinwort Benson
Philpot joined Kleinwort Benson in September 2006, concentrating on investment management for private clients, trusts and pension funds. He specialises in managing bespoke portfolios using a multi-asset approach, focussing on asset class correlations in order to increase diversification and reduce risk, with a particular emphasis on alternative investments such as commodities, hedge funds, private equity and real estate.
Prior to joining Kleinwort Benson, Philpot worked for Ely Fund Managers (now part of Rathbones) and Killik & Co.
Dominic Plugge, Investec Wealth & Investment
Plugge manages predominantly discretionary portfolios for private clients and these include SIPPs and family trusts. In addition, he looks after some small charities. Plugge is a divisional director responsible for a team of six senior fund managers.
Mark Rayward, Veritas Asset Management
Rayward is head of UK private clients, joining Veritas in 2010. He was deputy CEO and head of UK private clients and charities at Newton Investment Management between 2001 and 2010 having originally joined in 1986.
Matthew Salmon, Investec Wealth & Investment
Salmon is directly or indirectly responsible for about 1,000 clients at Investec Wealth & Investment (formerly Rensburg Sheppards) with approximately £100 million of investments.
Michael Stanes, Heartwood
After reading law at Oxford University, Michael Stanes began his career in 1986 at Mercury Asset Management (subsequently Merrill Lynch Investment Managers) as a UK equity portfolio manager.
In 1994, he moved to Tokyo to lead the Japanese equity team responsible for non-Japanese institutional clients and retail funds. Subsequently, Michael moved to the US, where he built a team running global and US equity portfolios for high-net-worth private clients. In 2002, he joined Goldman Sachs Asset Management in London as an Executive Director managing global equity portfolios.
Richard Smeeton, Rathbone Investment Management
Smeeton is in charge of the management of the group's investment management business in London and Jersey. He also manages a large number of client portfolios. Having trained with County Bank, he joined Laurence Keen in 1988 prior to its acquisition by Rathbones in 1995 and was appointed to the board in November 2000 as well as chairing the group's alternative asset committee.
Tony Tharian, Eden Financial
Tharian joined Eden in September 2006. He has 25 years of experience trading diverse financial instruments and managing private client relationships, holding positions at Dean Witter, Lehman Brothers, Prudential Bache, Raymond James and Eden Financial. Over his career, Tharian has been responsible for trading equities, futures, fixed income, derivatives and mutual funds for a variety of clients. He focuses on the macroeconomic outlook, advising on and structuring portfolios with geographical asset allocation, and various aspects of wealth management risk profiles.
Rupert Tyler, Brewin Dolphin
Oxford graduate Rupert Tyler is a fellow of the Securities Institute and looks after the funds of individuals, trusts and charities. During his career at Brewins he has been a partner and sat on the firm’s investment committee. Funds under his management, both domestic and international, have grown considerably under his stewardship.
Richard Whitehead, Dart Capital
Whitehead started his career in 1991 as a trainee and ended up managing a fast growing team at Coutts in his late 20s. He joined Dart Capital eight years ago, a move he says has enabled him to continue to manage clients ‘rather than people and politics’. Fulfilling his objective of owning a successful wealth management company is his greatest personal achievement.
Whitehead was profiled by Wealth Manager in December, 2009.