Former Jupiter chief executive Edward Bonham Carter has been appointed chairman of wealth manager Netwealth.
Mr Bonham Carter has served on Netwealth’s board for three years as a non-executive director and is both a client of and investor in the business.
He previously spent 25 years at Jupiter Fund Management, culminating in seven years as group chief executive and six years as vice chairman.
Mr Bonham Carter was appointed chief investment officer at Jupiter in 1999 before becoming joint chief executive in 2000 and subsequently group chief executive in 2007 before heading up the company's management buyout and its IPO in June 2010.
He announced he would step down from the company's board and relinquish his role as vice chairman back in October.
He is also senior independent director of Land Securities Group and ITV, alongside other advisory and leadership roles.
Mr Bonham Carter said: “The future of wealth management looks very different from today. I believe the wealth managers that retain the critical aspects of expert fund management and human advice, with fully integrated technology and a cost-effective client proposition stand to be the long-term winners, which is why I am excited to be working with Netwealth.
“Having proved its client service model, Netwealth is now poised for its next chapter of growth.
“There are big opportunities through the continued organic growth of assets, as well as additional expansion by moving further into the traditional advice market, potentially through acquisition.”
amy.austin@ft.com
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