Bowmore Asset Management appoints new CIO
Bowmore Asset Management, part of Bowmore Wealth Group, has appointed Jonathan Webster-Smith as Managing Director and Chief Investment Officer (CIO). Webster-Smith will also join the board of the Bowmore Wealth Group.
Webster-Smith previously worked for over 20 years with Brooks Macdonald where he held the position of Director – Head of Multi Asset. He was responsible for the establishment and development of their model portfolio and multi-asset offerings. Jonathan also oversaw the rapid growth of the Multi-Asset Team since its inception in 2003 until his resignation in November 2020 when he was responsible for managing assets of around GBP2.5 billion.
Webster-Smith's role over the years saw at Brooks Macdonald also saw him sit on the Asset Allocation committee as well as management committees for both the investment management business and distribution.
Bowmore Asset Management, is one of the UK’s fastest growing, discretionary fund managers. It was established in 2014 as part of a group of businesses that have over 30 years’ experience in delivering for their clients. The group has plans to acquire a number of smaller financial advisers and fund management businesses as it looks to expand further in the UK.
Mark Incledon, CEO of Bowmore Wealth Group, says: “I’m delighted that Jonathan has decided to join the Bowmore group. He is a highly respected industry name having built one of the industry leading Multi-Asset offerings and has delivered excellent and consistent long term performance for his clients.
“His extensive industry knowledge and investment experience from his time at Brooks Macdonald makes Jonathan an excellent fit to become our new Chief Investment Officer. I have absolutely no doubt that our clients will benefit hugely from Jonathan’s addition to the already well established investment team.”
Webster-Smith says: “I’m thrilled to be joining the team at Bowmore. The warm open culture and boutique nature of the business, combined with the positivity of all those involved, made this opportunity immensely attractive.”
“The plans the business has for the future are really exciting and complement my thoughts on how the industry will evolve over the coming years. Bigger companies have become complacent and commoditised which presents companies, like Bowmore, with a significant opportunity.”
“I’m really looking forward to getting started and working with the team and our clients in the coming weeks and months.”