Seilern Investment Management has snapped up Jupiter vet Louis Wood as it looks to raise its profile and “light a few fires in the UK fund buyer market”.
Wood (pictured) joins from his role as director of business development at SW Mitchell Capital, having previously spent 17 years at Jupiter Asset Management, covering discretionary firms, advisory businesses and nationwide firms as well as strategic partners including life companies and platform providers.
Seilern IM, which describes itself as a “quality growth” investment house, said the senior appointment would “power up” its wholesale distribution in the UK.
Launched by chairman Peter Seilern in 1989, the London-based boutique’s funds under management and advice has expanded rapidly over the last year, growing from £1.4bn at the end of 2019 to £2bn a year later. It currently has three funds in its stable – Seilern World Growth, Seilern America and Seilern Europa.
“We want Louis Wood’s arrival at Seilern to light a few fires in the UK fund buyer market,” Seilern IM chief executive Tassilo Seilern said.
“The funds are core holding for private banking clients in Europe and we see no reason why UK investors should miss out. Our assets under management have grown to nearly £2bn during the pandemic and given our quality growth style, the funds remain very scalable.
He added: “Now feels like the right time for a thrust into the UK market and we are delighted to have Louis Wood, with his experience to support fund selectors and introduce them to the merits of our unique long-standing quality growth investment philosophy and process.”
