Vestra hires three to build on HNW disillusionment

Vestra Wealth has responded to what it describes as high net-worth disillusionment with a triple investment manager hire.

Vestra hires three to build on HNW disillusionment

Effective immediately, the spree sees Joanna Hunt, Steve Jenkins and Paul Pascoe take up investment manager berths in the firm’s London office.

Working under Vestra partner Jacqueline Crawley, their responsibilities include developing client relationships and managing the assets of private and corporate clients as well as trustees and pension funds.

David Scott, Vestra Wealth founding partner, cited growing cynicism among high net-worth individuals regarding mass-marketed investment solutions as a driving factor behind the decision to add to the firm’s investment manager roster.

He said: “We are delighted to have recruited these three people as there is complete consistency in the manner in which they and Vestra want to provide a full wealth management service to clients, namely bespoke advice combined with rigour in our investment process. We believe that HNW clients are increasingly becoming disillusioned with a commoditised offering.”

Hunt arrives from private banker role with Citi Private Bank, where she was responsible for managing the assets of both UK and international ultra-high net-worth individuals, prior to which she held a similar position at Coutts & Co.

Jenkins makes the transition over from UBS London, where as an executive director he ran discretionary and advisory portfolios, following on from directorial and vice presidential berths at Barclays and Merrill Lynch International Bank respectively.

Pascoe joins from a director and private banker position with Barclays, where he was in charge of high net-worths’ and institutional assets, and has also worked in the UK private client division of Merrill Lynch.

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