M&G Wealth has appointed Shanti Kelemen as its first chief investment officer.
Kelemen joins from Brown Shipley where she was investment director with responsibilities for communicating investment views, improving investment processes and integrating acquired businesses.
In her new role at M&G Wealth, she will be responsible for the development and ongoing management of discretionary investment solutions, including model portfolio services.
M&G Wealth launched in September last year and is made up of Ascentric, Prudential Financial Planning and the M&G Direct funds business.
In February the firm said it was planning to launch an adviser academy and in April it appointed a recruitment and acquisition director to grow its advice business.
David Montgomery, managing director at M&G Wealth, said: “M&G Wealth was launched by M&G plc just over a year ago, backed with a clear agenda to address the escalating ‘advice gap’ in the UK.
“Integral to doing this are the right people, investment solutions and capabilities to make a real difference to our customers and their ultimate wealth outcomes.
“The appointment of Shanti is another important investment in our wealth business in line with M&G plc’s sustainable growth strategy and I am delighted to welcome her to my leadership team”.
Prior to Brown Shipley, Kelemen was a director on the investment management team at Coutts where she managed multi-asset advisory and discretionary portfolios.
She also held roles as a business development and product manager during her seven years at Coutts.
Kelemen began her career working in equity derivative sales at the Royal Bank of Scotland.
She said: “We are living in a time of incredible change and uncertainty - but also opportunity. Providing the right investment solutions and experiences to our customers in a robust and planet-friendly way has never been more important.
“Companies that want to be a trusted partner for investment solutions need to be innovative, financially capable, and completely focused on their customers. I firmly believe that M&G Wealth has these attributes and I’m excited to join the team”.
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