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Waverton appoints former UBS wealth chief as CEO

Waverton appoints former UBS wealth chief as CEO

Discretionary fund management firm Waverton has appointed Nick Tucker as chief executive.

Mr Tucker will join the firm, subject to regulatory approval, on February 10. He replaces Andrew Fleming, who left the firm in June 2019. 

Mr Tucker spent nine years as head of UBS’s wealth management business in the UK, from 2010 to 2019, and prior to that worked at Merrill Lynch. After he left UBS in 2019 his role was split into three. 

DFM Waverton acquired financial advice business Timothy James and Partners in December 2019 and also runs a suite of its own funds. 

Waverton chairman David Rosier said: “I am delighted to welcome Nick to Waverton. He brings a wealth of relevant, commercial and operational experience and expertise within the private banking and wealth management sectors.

"Nick has built a strong reputation for growing successful businesses and he has been particularly adept at nurturing and developing private client teams in different jurisdictions.

“Waverton has ambitious growth plans and Nick’s appointment follows our acquisition last month of London-based independent financial adviser, Timothy James & Partners. In addition to our discretionary investment management, this deal enables us to offer clients a comprehensive range of complementary financial planning services.”

Waverton was known until 2014 as JO Hambro Investment Management. 

david.thorpe@ft.com

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