The latest moves and appointments in wealth management in the UK, the rest of Europe, the Middle East and other select locations.
Jupiter Asset Management
Jupiter Asset Management has hired Adrian Gosden and Chris Morrison to manage its UK equity income fund.
Both will join in January 2024 from GAM where they co-manage the GAM UK equity income fund.
Jupiter has agreed with GAM that in order to best serve investors in the GAM UK equity income fund, the fund will continue to be managed by Gosden and Morrison following their move. Initially, Jupiter will manage the fund under a sub-advisory agreement until it is transferred to Jupiter’s platform later in 2024, subject to customary approvals. Additionally, subject to regulatory approval, Gosden and Morrison will at some point next year assume management of the Jupiter income trust, currently managed by Ben Whitmore. Gosden will report to Kiran Nandra, head of equities, and Morrison will report to Gosden.
“Adrian is one of the most highly regarded UK Equity Income investors in the market. Whitmore, manages a range of value strategies and will continue to focus on these. We have been looking closely at our equity range of funds, including UK equities, and it is our intention to continue to develop and grow this part of our business, ensuring our clients have access to the best investment talent and a compelling mix of high quality, differentiated active investment strategies,” Nandra said.
Before joining GAM in 2017, Gosden co-managed the UK equity income franchise at Artemis. Previously Gosden worked at Société Générale Asset Management and Fleming Investment Management.
Morrison worked closely with Gosden during their time at GAM, having joined the company in 2011. Prior to that, he worked at Bank of Tokyo Mitsubishi UFJ Asset Management where he managed European equity portfolios.
“Jupiter’s ethos of high conviction, truly active management is closely aligned with the way that Chris and I have invested over our careers and which we continue to believe can deliver the best outcomes for clients. UK equities have not been in favour with investors in recent years. Valuations are low and, with the combination of strong dividends and enhanced share buybacks, I believe we will see increased appetite for the asset class from both domestic and international investors,” Gosden said.
The financial services network, Openwork Partnership, has appointed Anna Davies as wealth proposition director, reporting to Rob Askham, proposition director at the organisation.
Davies will be responsible for leading the strategic development and management of the Openwork wealth proposition. She will also be in charge of managing the relationships with wealth product partners. In her new role, working closely with Omnis Investments, the network’s asset management partner.
Davies is joining from St James’s Place, where she was the director of propositions of the investment division. Davies also held several senior positions with St James’s Place discretionary fund management subsidiary company, Rowan Dartington, spanning propositions, marketing and advisor relationships.
UK-based Evelyn Partners added to its Leeds investment management team by appointing Matthew Wells as a partner.
Wells, who has more than 25 years of industry experience, started his career with Schroders in London. Since 2000, he has worked for RBC Brewin Dolphin in Leeds, where he was a senior portfolio manager. Wells specialises in managing portfolios for charities and private clients. He is a Chartered Institute for Securities & Insurance Chartered wealth manager. Elsewhere, Wells is a development board member for Martin House Children’s Hospice in Wetherby, a volunteer junior Rugby Union coach and a Level 1 qualified England boxing coach.