View the article online at http://citywire.co.uk/wealth-manager/article/a348005
Wealth Manager profile: Hawkmoor's John Crowley
by Matthew Goodburn on Jul 03, 2009 at 10:08
When John Crowley launched Hawksmoor Investment Management into Exeter’s competitive private client market in February 2008 he had two primary goals in mind.
First, the former solicitor felt private clients had been badly let down by private client stockbrokers and needed a better service, and second, he wanted to build a top-quality fund of funds team.
Nearly 18 months on, the building blocks for the latter have been well and truly put in place with the hiring of former Citywire Wealth Manager cover star Richard Scott and a third former Iimia manager, Daniel Lockyer.
The Exeter office runs money for around 130 clients, with the total client base now standing at about 320 following the acquisition of the investment assets of East Anglian solicitors Ashton Graham.
That deal brought in another £25 million to give the firm a current total just north of £40 million in assets.
Crowley is urbane courteous and measured in his manner, but cannot hide his delight at the firm’s progress so far, especially after a year out of the game when he resigned from Iimia in February 2007.
He cuts a cerebral, bookish figure in keeping with his legal background. He does not waste his words but when he speaks he is clear and concise.
‘We were delighted to be able to recruit Richard, and now Daniel,’ he says. ‘Both have great reputations in the market place and we hope our funds of funds and private business can capitalise on that.’
He believes the pair will also act as a launching pad for the bespoke side too.
It is quickly apparent that a loss of faith in other private client stockbroking firms has helped to drive Crowley’s ambitions to offer something better.
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