Digital wealth manager, Netwealth, has appointed Edward Bonham Carter as the firm’s new chairman.
The former Jupiter chief executive has served as a non-executive director on Netwealth’s board of directors for three years and is both a client and investor in the business.
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Boasting 25 years at Jupiter Fund Management, Bonham Carter is a recognised industry leader with extensive experience across the investment market.
Netwealth CEO, Charlotte Ransom, believes Bonham Carter will bring an “exceptional mixture of industry experience, fund management expertise and leadership credentials” to the role.
Joining Jupiter in 1994 as a UK fund manager, Bonham Carter was appointed as chief investment officer in 1999 before assuming the role of group chief executive for seven years. In 2014, he was appointed vice chairman.
In October 2020, Bonham Carter retired from his position on the board to pursue a role centring on the firm’s stewardship and corporate responsibility activities.
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By GlobalDataHe is also a senior independent director of Land Securities Group and ITV and holds other advisory and leadership roles.
Digitisation
Employing a technology enhanced approach to wealth management, Netwealth has flourished as social distancing has increased demand for digital services.
According to Ransom, Bonham Carter’s appointment “highlights the fundamental necessity of combining the best elements of traditional wealth and asset management with modern technology in a hybrid model”.
Ransom continued: “Edward’s appointment reflects the scale of our ambition and our view that the wealth management industry remains open to significant change to the benefit of clients.”
Bonham Carter agrees: “The future of wealth management looks very different from today. I believe the wealth managers that retain the critical aspects of expert fund management and human advice, with fully integrated technology and a cost-effective client proposition stand to be the long-term winners.
“Having proved its client service model, Netwealth is now poised for its next chapter of growth. There are big opportunities through the continued organic growth of assets, as well as additional expansion by moving further into the traditional advice market, potentially through acquisition.”
