The firm says that it is growing rapidly to meet the heightened interest in sustainable portfolios.
LGT Wealth Management, part of LGT, the international private banking and asset management group, has appointed Ben Palmer (pictured) as lead portfolio manager for its sustainable service offering which is designed for financial advisors.
Palmer, who is joining the Intermediary Investment Services team, headed up by Phoebe Stone, will be responsible for the LGT Wealth Management Sustainable Model Portfolio Service (SMPS) and the Verus sustainable multi-asset fund, both held across 17 platforms.
Palmer has joined from Brooks Macdonald where he was head of responsible Investment, co-ordinating investment research, portfolio construction, reporting and communication outputs, and driving business development with the advisor community.
Palmer said: “LGT Wealth Management has a fantastic reputation in the industry with strong and committed leadership at the helm. The unique ownership structure of LGT has enabled significant strides both operationally and in their approach to investing, which is particularly inspiring and I am delighted to be part of a forward-looking firm.”
Stone added: “As advisors become increasingly aware of the risk mitigation that sustainable portfolios can provide to their clients, alongside the investment opportunities presented when assessing long-term trends, we are seeing heightened interest in our sustainable portfolios. We are growing rapidly to meet this demand, and Ben’s addition to the team with his strong experience in sustainable and responsible investing will further enhance our sustainable investment proposition.”
The expansion of the Intermediary Investment Services team comes at a time when interest in sustainable portfolios continues to rise both locally and internationally. LGT Wealth Management, which has seen a surge in demand from European and Middle Eastern markets, offers an International SMPS to cater for advisors operating outside the UK.
The firm recently made another hire to strengthen of the firm’s Intermediary Investment Services proposition – see here.