UK investment industry veteran Graham Bentley has been appointed to chair of UK discretionary fund manager Avellemy.
Bentley had been chair of Avellemy’s investment committee since 2018 but will now be replaced by Steven Lloyd, who is an investment director at the £1.5bn manager.
A press release said Bentley would aid Avellemy’s growth strategy, build the team and create and lead business development initiatives.
He has a 40-year career in the investment industry, including senior roles at Janus Henderson, M&G and Old Mutual Wealth. Since 2013, he has run his own consultancy GBI2, which works with asset managers, intermediaries and distributors in the UK and Europe on their investment propositions.
He was involved in the proposition design and launch of the UK’s first corporate bond fund for M&G in 1995, creating the first pensions portfolio ‘critical yield’ risk assessment process in 1998 at M&G, pioneering the use of risk profiling, asset allocation tools and model portfolio service at Selestia in 2001, and the development of the first risk- targeted fund range, Spectrum at Old Mutual Wealth in 2008.
Bentley described Avellemy as “a fantastic business with an outstanding management and investment team”.
Avellemy was founded in 2014 and runs £1.5bn worth of risk-managed investment products and services for over 5,000 clients.
