North duo to join Praemium ahead of Liontrust deal

Wealth management firm and platform provider Praemium has hired Nick Stanhope and Ari Towli from North Investment Partners.

Mr Stanhope and Mr Towli are to join Praemium’s discretionary portfolio management service in November following Liontrust’s acquisition of North, announced earlier this week. They will be responsible for the management of Praemium’s new multi-asset model portfolios.

At North the pair were portfolio managers working with chief executive John Husselbee on the company’s range of risk-rated model portfolios, which were also distributed on Praemium’s platform.

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Mr Husselbee is set to become Liontrust’s head of multi-asset when he joins at the end of the month, with ex-LV= Asset Management multi-manager Paul Kim also joining as a fund manager.

Praemium chief executive Michael Ohanessian said: “Nick and Ari have extensive expertise in both designing and managing risk-graded portfolios as well as considerable experience running models on the Praemium platform.

“This makes them ideally placed to develop solutions that utilise our advanced technology in an optimal manner.”