Neptune Investment Management has appointed its chief economist and investment director James Dowey as chief investment officer.
He will retain his role as chief economist and report to the company’s founder and chief executive Robin Geffen.
Despite Dowey’s promotion, Geffen will continue to take “overall responsibility” for the investment team as well as manage the funds he runs at the firm.
Dowey’s promotion is part of the firm’s recent business revamp, which included the hire of a senior analyst role between analysts and fund managers as well as an “enhanced” risk management system using the SunGard Enterprise system.
Geffen says: “Over the past year we have made a number of moves to enhance our long-standing investment process, whilst staying true to our investment principles. James’s contribution to that process has been pivotal.
“James’s contribution to the success of Neptune in recent years has been vital. I have come to trust both his economic foresight and his investment judgement. In this new role he will assist me at the highest level to steer our investment team.”
Dowey joined Neptune as an economist in May 2007 and was promoted to chief economist in 2009.