Neptune Investment Management has appointed Stewart Cowley to work both as a fixed income consultant and to help develop the firm’s planned private wealth business.
Cowley will advise chief executive Robin Geffen and chief economist and CIO James Dowey on the fixed income portion of the Neptune Balanced fund.
Cowley most recently worked at Old Mutual Global Investors where he managed the global strategic bond fund and the Old Mutual Managed Fund.
He left in 2015 to start an investment advisory business, Northfield Strategic Advisors.
Over his 30-year career he has also held senior executive positions at Invesco, Hill Samuel Asset Management and Newton Investment Management.
Geffen says Cowley brings “knowledge of the industry and deep understanding of fixed income markets”.
“Over the past several years Neptune has invested in experienced professionals with proven industry experience and rigorous financial training,” Geffen says.
Cowley says: “There has never been a more important or harder time than now to correctly blend the messages coming out of the asset markets into client portfolios.”
He will sit on the investment committee for the new wealth management business, which Neptune announced last month.
It has hired Matthew Butcher from Brewin Dolphin to launch a new discretionary service aimed at building relationships with IFAs and targeting high-net-worth individuals.
Butcher, who joined as head of client proposition from Brewin Dolphin, is working with deputy managing director Richard Green to finalise the structure of the business.