The new family office business continues to expand with another important C-suite appointment. 

Stonegate Capital, which recently announced its establishment in Dubai, and has appointed a CEO, has appointed a senior asset and wealth management figure as chief investment officer. 

Peter Warnes (pictured below) will lead the development of the firm’s investment capabilities across investment strategy, asset allocation, portfolio construction, risk management, due diligence and manager selection, across both public and private markets, the firm said in statement on Friday. In total, he has more than 30 years’ capital markets experience in institutional, family office and private wealth management realms.

Peter Warnes

Warnes built his career at JP Morgan Asset Management in London and Hong Kong. He has also held other senior leadership positions including head of multi-asset solutions (international) for Manulife Investment Management, and CIO and interim CEO for BOS [Ban of Singapore] Wealth Management Malaysia. Warnes has been based in London, Hong Kong, Kuala Lumpur and the UAE, with periods also in Boston and Singapore.  

The organisation has said it intends to have a team of 11 people by the end of this year and it is aiming to establish a pathbreaking AI-integrated family office. AI, data and automation will be embedded across investment analysis, due diligence, portfolio monitoring, risk management and reporting, supported by experienced human judgment and strong governance, it said.