Marlborough’s chief investment officer Nicholas Cooling to retire

The firm’s multi-asset CIO, Sheldon MacDonald, is named to succeed him

Sheldon Macdonald CIO Marlborough


Marlborough Investment Management’s chief investment officer, Nicholas Cooling, is to retire in May after more than 30 years with the company.

His successor has been named as the firm’s multi-asset CIO Sheldon MacDonald (pictured), who landed at Marlborough in October 2021, five months after leaving his role as deputy head of multi asset at Liontrust Asset Management. Before that, he spent over a decade at Architas prior its acquisition by Liontrust in 2020.

He has also worked at Nedgroup Investments, beginning his career at Old Mutual Asset Management in 1994.

As Marlborough’s overall CIO, he will take charge of investment activity for the 19 funds in its range, including 15 single-strategy funds and four multi-asset funds. He also joins the Marlborough board.

Further, he will have overall investment responsibility for the group’s Irish-domiciled Ucits multi-asset funds, as well as the Guernsey-domiciled Marlborough International fund range.

MacDonald’s appointment has been approved by the FCA, and he reports to CEO Richard Goodall, who said: “Sheldon is a consummate investment professional, who combines a wealth of experience with the all-important ‘can do’ attitude that embodies our approach at Marlborough.

“I’m certain he’ll prove a highly effective CIO at an exciting time in Marlborough’s continuing growth story. We see a huge opportunity to work in partnership with adviser businesses who share our entrepreneurial vision, offering our expertise and experience to help them grow by achieving first-class outcomes for their clients.”

Goodall extended his thanks to Cooling, who retires as CIO in May having been at the company since 1991.

MacDonald said: “I’m very excited to be taking on this new challenge. This is a fascinating time in the markets and the current volatility is creating very interesting opportunities. While this will be an unsettling period for many of our investment clients, we’re absolutely committed to ensuring that we continue to achieve first-class outcomes on their behalf.”

See also: Marlborough scoops up third Hargreaves segregated mandate

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