London & Capital, the wealth and asset manager, has announced the appointment of Guy McGlashan as their new Chief Executive following the death in October of Co-Founder and Managing Director, Daniel Freedman. McGlashan will continue to work with Iain Tait (Partner and Head of the Private Investment Office) and Pau Morilla-Giner (Partner and Chief Investment Officer) with all three expanding their roles in managing the business.
These changes had been planned earlier this year by the Board as part of the firm’s continued strategy to grow the business, meet the incoming requirements of SM & CR regulations and enable Freedman to take a step back from his day-to-day role. So, although these plans are being implemented sooner than expected, the firm is fully prepared to take the business forward.
In recent years, London & Capital has grown to £3bn AUM and is targeting strong growth to £5bn. This will be delivered through focusing on core services and expanding existing teams, as well as developing new propositions focused on specialist HNW advice areas.
McGlashan joined London & Capital in 2015 as Partner and Chief Operating Officer and has overseen the firm’s strategy, growth and operations in his four years in the role. He joined from Coutts & Co., where he was Chief Operating Officer of Coutts Private Office, and previously held a number of senior roles at Kleinwort Benson, including Head of Wealth Management. He started his career with Deloitte and has also worked for UBS and M&A advisory boutique Hawkpoint Partners.
Commenting on his new role, Guy McGlashan said: "London & Capital is an unconventional firm in the world of wealth management today, founded on the principle of partnership between its people and its clients. This is an ethos built by Daniel and something that will continue to run through the core of everything we do. It is under sad circumstances that I am taking on this role, but I look forward to working with the management team to build on our long and proud history in the years ahead."
Iain Tait, Partner and Head of the Private Investment Office at London & Capital, said: "We have ambitious plans in place for the coming years to cement London & Capital’s position as a firm that is widely respected as the go-to for high net worth individuals. Delivering this ambition has been underway for some time and I am delighted to be working with Guy and Pau in continuing this work."
Pau Morilla-Giner, Chief Investment Officer at London & Capital, added: "The new leadership team has ambitious plans for London & Capital underpinned by a long history of building relationships with clients based on trust and strong investment performance. This approach continues to underpin our strategy going forward and I am excited to be working with Guy and Iain to deliver it."