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Brooks Macdonald adds to managed portfolio service team

Brooks Macdonald adds to managed portfolio service team

Brooks Macdonald Asset Management has appointed Jim Mackie to investment management director, joining its Managed Portfolio Service team in London.

Mr Mackie moves from Vestra Wealth, where he was an investment manager responsible for their range of model portfolios across multiple platforms, sitting on the platform investment committee while managing several bespoke discretionary portfolios.

He previously worked at Cheviot Investment Management, UBS, Laing and Cruickshank and HSBC and is a member of the Chartered Institute for Securities and Investment.

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In his new role, Mr Mackie’s main responsibilities will be to support the management of Brooks Macdonald’s MPS offering, which consists of five diversified portfolios and covers a wide range of investment objectives and risk profiles.

He will also assist in the management of the four risk-rated fund of funds provided by sister company Brooks Macdonald Funds.

The hire comes as part of the firm’s continued investment in its range of model portfolios, as a response to growing demand from advisers for outsourced investment solutions, bringing the total number of MPS investment managers to three.

Andrew Shepherd, joint managing director of Brooks Macdonald, commented: “Our MPS proposition is in a phase of tremendous growth driven by demand from the professional adviser market and Jim’s experience in this arena will prove invaluable in the evolution of this service.”

At the end of last month, the firm’s latest results showed funds under management up 4.1 per cent in the final three months of 2014, hitting £6.95bn in total, in spite of volatile markets.

peter.walker@ft.com