Sheldon MacDonald and Nathan Sweeney have resurfaced at Marlborough to spearhead its multi-asset team, months after bowing out from Liontrust.
MacDonald (pictured left) joins in the newly created role of chief investment officer of multi-asset, with Sweeney (pictured right) supporting him as deputy CIO. Their appointments take the team’s headcount to seven.
The pair’s arrival comes as Marlborough looks to boost flows into its multi-asset funds and managed portfolio service.
Marlborough CEO Richard Goodall said: “We have ambitious plans for our multi-asset proposition, and the business as a whole, and Sheldon and Nathan will play an important role in helping us to achieve those goals.
“They have a proven track record of growing a multi-asset business. With the outcomes they achieved for clients, they both contributed significantly to building Architas into a highly successful multi-asset business.”
MacDonald and Sweeney spent more than a decade at Architas as deputy CIO and senior investment manager respectively.
They moved to Liontrust last November when the fund group bought Architas’ £5.7bn UK multi-asset business but left four months after the deal completed.
MacDonald had been deputy head of multi-asset in John Husselbee’s team, while Sweeney was a senior manager looking after Liontrust’s Multi-Asset Active range, similar to the £1bn range he ran at Architas.
MacDonald added he and Sweeney were excited to be joining Marlborough during its strategic growth phase.
“One thing that’s particularly interesting about the Marlborough Group is that alongside the multi-asset proposition we have IFSL, which offers authorised corporate director services,” he said. “That twin capability creates a great opportunity to work in partnership with more adviser businesses who want to launch multi-asset funds.”
Last month Marlborough recruited Columbia Threadneedle sales veteran Alastair Caw to head up its client solutions.
