Surrey-based investment consulting firm Fundhouse has hired former St James’s Place director of liquid markets Joe Wiggins as chief investment officer.
Wiggins, who is also known as a behavioural finance expert, was most recently at SJP.
Prior to that, he spent seven years at Abrdn as a fund manager and was responsible for strategic asset allocation for MyFolio.
In his new role at Fundhouse, Wiggins will be CIO for clients in the UK and Europe and will focus on enhancing their investment outcomes.
Fundhouse co-founder and managing director Rory Maguire, said: “We are thrilled to welcome Joe into the team at Fundhouse. Besides having an exceptional investment mind, he is a really nice person and we are all delighted to be working with him.
“His focus on reducing bias creates excellent alignment, particularly at Fundhouse where we try our best to defend the interests of pensioners and savers.”
Wiggins' role will include enhancing clients’ returns, meeting their ESG goals and developing their approach to critical areas such as fund manager selection, portfolio construction and strategic asset allocation.
Fundhouse said he will bring his wealth of behavioural finance knowledge to improve decision-making and reduce bias.
He said: “I joined Fundhouse for many reasons, but ultimately I was drawn to their unwavering independence and unique position of providing impartial advice and guidance to clients.
“I have known Rory and the team at Fundhouse for a considerable period of time, and I am sure that this is the place where I can put my investment experience and behavioural finance knowledge to best use.”
Fundhouse was founded in 2007 and advises on £21bn of assets.
Wiggins added: “I also feel that my values as an individual and an investor are aligned with Fundhouse, which matters a great deal to me. I think the business can go from strength to strength from here, and I am looking forward to being a part of that.”
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