The Africa-headquartered investment manager has made a triple promotion, including the appointment of a new CIO.
Ashburton Investments has promoted Jonathan Schiessl to the newly-created position of chief investment officer within its international investment team.
Schiessl, previously head of equities, will now take on responsibility for the firm's global investment fund range and portfolio management services. He joined Ashburton in 2000 and is a director of its Jersey business. He is also lead fund manager of the Ashburton India Equity Opportunities Fund, which he will continue to manage.
Meanwhle, Derry Pickford and Marianna Georgakopoulou have been appointed joint heads of the asset allocation team in London, replacing Tristan Hanson. Georgakopoulou, who joined the firm recently as multi-asset strategist, will take over portfolio responsibility for asset management funds. Pickford, a macro analyst who joined in 2011, will manage global multi-asset funds.
“Given the growing emphasis we are placing on our developed market footprint, we felt it was important to appoint a chief investment officer to lead the development of our global product range, alongside a strong asset allocation team who will build on our 32-year track record in multi-asset investing,” said Peter Bourne, managing director at Ashburton (Jersey).
The firm has offices in South Africa, the UK, Channel Islands and United Arab Emirates, with over $8.6 billion under management as at December 2015.