Boutique fund manager Neptune Investment Mangement has handed its chief economist James Dowey the role of chief investment officer as part of a restructure kickstarted earlier this year.
Mr Dowey will be responsible for implementing a risk framework and for monitoring the risk process in the investment department. He will also work alongside Robin Geffen, founder and chief executive, in managing the investment process.
Mr Geffen said: “When you start a business there is a period of time where you have to wear many different hats.
“One of the most rewarding aspects of growing Neptune has been seeing our own talent grow into roles such as this, enabling me to retain my total focus on the funds I manage.”
This appointment comes as Neptune has been revamping its business structure.
The “reboot” included fund closures that amounted to a third of the group’s product range, recognition of the fact that boutiques need to focus on offering a smaller range of key funds in the post-RDR world.
Neptune has also invested in technology to improve the risk-management frameworks on its funds, and has purchased the SunGard Enterprise system to provide detailed exposure analysis.
Mr Dowey has been with Neptune as an economist since May 2007. He was appointed chief economist in September 2009 and investment director in July 2010.