Charles Stanley and Brooks Macdonald grow assets despite Covid pressure
Charles Stanley ‘cautiously optimistic’ worst of pandemic is over while Brooks Macdonald ‘on track’ to meet expectations
Charles Stanley and Brooks Macdonald both reported an increase in assets under management during the first three months of the year, despite the pressures of Covid-19 and the associated lockdown.
Charles Stanley said it was “cautiously optimistic” that the worst of the pandemic is over after reporting a 2% increase in funds under management (FUM) during the first three months of the year.
The wealth manager’s funds under management and administration (FUMA) increased from £25.1bn at the end of December 2020 to £25.6bn at the end of March.
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Charles Stanley lands ex-Aviva Investors fixed income head for new asset management role
Dan James left Aviva Investors in 2018 as part of a restructure of its investment platform
Charles Stanley has announced the hire a former global head of fixed income at Aviva Investors as its head of asset management.
Dan James joined the wealth manager in November to lead its asset management capability, reporting to chief executive Paul Abberley.
According to a press release, in the newly-created role he will focus on “building scale, growing revenue and driving future development”.
James exited Aviva Investors’ four-strong multi-asset team, along with Brendan Walsh, in 2018 as part of a raft of changes involved in the restructure of its multi-asset range.