People Moves
UK's Ashcourt Rowan Adds Senior Hire
UK wealth manager Ashcourt Rowan has appointed Stewart Murray in the newly created role of investment director to its London team.
UK wealth manager Ashcourt Rowan has
appointed Stewart Murray in the newly created role of investment
director to its London team.
Murray joins from Vintage Asset Management, where he was chief
investment officer, responsible for the performance driven
management of the company’s portfolios. He was also chairman of
Vintage Asset Management’s investment committee.
Before this, he managed the Munros European Smaller Companies
fund at Munros Capital Management and while there he also
specialised in the UK component of the company’s portfolios.
Last month, Ashcourt Rowan acquired Generali Portfolio Management
in a deal which will give the group up to £215 million ($353.8
million) in assets under management. As part of the deal, a team
of seven will join Ashcourt Rowan, led by senior investment
managers Alan Arscott and David Barber, Ashcourt Rowan said in a
statement.
The acquisition takes Ashcourt Rowan's discretionary and managed
assets under management to £2.1 billion and adds around £2
million of predominantly recurring annual revenues.
