Beaufort shakes up investment team

Beaufort shakes up investment team

Beaufort Investment has appointed a chief investment officer and head of fund research. 

The discretionary fund management firm has promoted Shane Balkham to the position of chief investment officer, while Emma Clarke has been made head of fund research. 

Mr Balkham, previously head of portfolio construction and research at Beaufort, established the firm’s model portfolios in 2004 to provide an investment service to advisers looking to outsource. 

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Ms Clarke joined the business in 2016 as a senior investment analyst. 

Elsewhere, the firm has hired two investment analysts to further strengthen the team. 

Paul Freedman has joined from Charles Stanley Wealth Management where he was a multi-asset associate portfolio manager. He has also previously held positions at Barings and Citigroup. 

Cormac Nevin has joined the firm from Red Deer, having previously worked at Secor Asset Management. 

Derrick Dunne, chief executive of Beaufort Investment, said: "We are delighted that Shane and Emma have been promoted and taken on additional duties in running the funds under management, now some £1bn invested on behalf of clients of financial advisers working both under the Beaufort Financial umbrella, as well external firms attracted by the DFM’s process and performance.

"We are very pleased that Paul and Cormac have joined us and, in addition to the six members of the investment strategy team, we have some 15 operations, compliance, and marketing staff whose role is to ensure that the financial advisers who outsource to us receive the highest levels of service."

Adrian Lowcock, head of personal investing at Willis Owen, said: "This is clearly a sign of the business expanding, especially in research and portfolio management."

Beaufort, not to be mistaken with failed firms Beaufort Securities & Beaufort Asset Clearing Services, currently has £1bn assets under management.

In May last year the firm appointed Derrick Dunne as chief executive of its discretionary fund management arm, following the departure of Stewart Murray in 2017.

Mr Dunne was previously chief executive of Sanlam Four, which he founded in 2006.