Member Article

Record funds – and major award - for North West wealth managers

A North West wealth management company has won a leading industry award and broken the £15bn barrier for its funds under management.

Quilter Cheviot Investment Management, which has offices in St Paul’s Square, Liverpool, and King Street, Manchester, has been named the best overall large firm at the Citywire Wealth Manager Investment Performance Awards.

The win follows the appointment of a new chief operating officer at the company and comes as it reveals that its funds under management are now worth in excess of £15 billion.

The firm was praised for its consistent performance in a number of risk categories, and the award highlighted the successful melding of two separate businesses and cultures.

The company, which employs 33 staff at its North West offices, was formed earlier this year when Quilter and Cheviot Asset Management merged.

Quilter Cheviot CEO Martin Baines collected the award and said: “Everyone has worked extremely hard to make the merger of the two businesses a success. At the same time we have continued to deliver for our clients, and are delighted to celebrate this award as the value of our funds exceeds £15 billion.”

Manchester office head David Rothburn added: “The award is industry recognition of the quality and consistency of our performance as a business and the manner in which we have brought two businesses together and continued to deliver outstanding service to our clients.”

The firm also recently announced the appointment of Matthieu Duncan to the new role of Chief Operating Officer. He joins the firm from Newton Investment Management, where he was Head of Business Strategy.

Prior to Newton, Mr Duncan held the position of Chief Investment Officer - Equities at Cambridge Place Investment Management, having spent the bulk of his earlier career at Goldman Sachs where he held the position of Managing Director.

Mr Duncan, who will join the Executive Team in driving the firm’s ambitious growth plans and future strategy, said: “I am delighted to be joining Quilter Cheviot at such an exciting time and look forward to being part of the future success of the business.”

This was posted in Bdaily's Members' News section by Simon Malia .