Close Brothers Asset Management CIO Nany Curtin has left the business after more than a decade and joined a £15bn independent advisory and multi-family office.
Curtin (pictured) has become Alvarium Investments’ group chief investment officer, partner and head of investment advisory and will join the company’s operational and executive boards.
She had been with CBAM for just shy of 10 years, joining the investment firm in 2010 as its CIO and head of investments. Prior to that she was the managing partner and CIO of UK hedge fund and long-only institutional adviser Fortune Asset Management, which was snapped up by CBAM in 2006. She also served as head of investments at Schroders’ global mutual funds business and Baring Asset Management’s head of emerging markets.
Curtin succeeds Neil Beaton who has been CIO since 2011 after leading a management buyout of the business, which was at the time his private client team at Deloitte. The advisory and family office business has gone through several incarnations since then, rebranding from LJ Partnership to Alvarium last year.
Beaton will remain in a full-time position as a partner of Alvarium, client relationship manager and member of the investment committee.
Alvarium CEO Alexander de Meyer said Curtin’s appointment is part of the firm’s long-term plan to expand its investment leadership team.
Alvarium currently looks after $18bn (£14.5bn) worth of assets with 220 employees and 28 partners stationed across 12 offices.
It has acquired a slew of wealth management businesses in recent years, including London-based Casteel Capital, in deals funded by its major shareholders – Hong Kong’s Peterson Group and Dilmun, a New York family office with ties to the Qatari royal family.
Curtin said she was excited to be joining a business “in a time of increasing volatility” during the coronavirus pandemic that can invest across the full spectrum of public and private markets and provide clients with co-investment opportunities in the “coveted areas” of real estate and technology.
“Alvarium redefines the modern family office, providing ultra-high net worth clients and families with access to independent financial advice and investment management,” she said.
“Joining a business that has such an impressive global growth trajectory is an exciting step and I look forward to helping the business grow and innovate throughout the next phase of its development.”
