EXCLUSIVE: UK Wealth Manager Brings In Ex-Credit Suisse Duo

Tom Burroughes

19 July 2018

Two former in London, this publication has learned.

The duo are Graeme Lyness and Mark McNamara. Lyness worked at Credit Suisse from 2014 to 2014; prior to this he worked for four years as a fixed income portfolio manager for Morgan Stanley, and he started his career in 1999 at PricewaterhouseCoopers, according to his Linkedin profile. McNamara was a director at Credit Suisse in London from November 2013 to June this year; prior to this, he was a vice president at Morgan Stanley, starting at the US firm in 2000.

The men hold the post of wealth manager at LGT Vestra.

As reported earlier this year, LGT Vestra, which was formed about 10 years ago, clocked up a comparable figure for assets under management, passing through the £10 billion mark, attracting £2.0 billion ($2.76 billion) in assets in 2017. Vestra’s chairman, David Scott, formed Vestra with a group of mostly former UBS wealth managers in 2007, with the business going fully live in 2008 after a legal wrangle over moves of UBS staff to Vestra was resolved. Liechtenstein-headquartered acquired a majority stake in Vestra in March 2016.