UK-based Quilter Investors has appointed Dean Bowden as the managing director of its multi-asset business.
Currently, Bowden serves as the chief commercial officer at Quilter Investors. The promotion is effective immediately.
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Bowden was the proposition and commercial director of Old Mutual Global Investors (OMGI) before its managed separation with Old Mutual.
In the new role, he will supervise the daily operations of Quilter Investors. He will continue to report to Quilter Investors CEO Paul Simpson.
Meanwhile, Simpson will now assume the role of director of investments while retaining his existing responsibility.
He served as the head of alternatives at OMGI prior to its managed separation with Old Mutual.
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By GlobalDataSimpson said: “The whole team has worked incredibly hard to make this year one to remember for Quilter Investors and Dean has been at the heart of this effort.
“He has also been instrumental in establishing the multi-asset arm of Quilter as a standalone business and bringing new products to market that genuinely serve customers’ needs.
“I am really looking forward to working even closer with him, and the investment team, as we look to execute on an ambitious growth strategy in 2020 and beyond.”
The changes come a year after the launch of Quilter Investors, which had around £20.3bn in assets under management at the end of September 2019.
Bowden said: “This last year has shown that Quilter Investors is well established to design and build investment solutions that deliver for advisers and their clients.
“I am excited at this new opportunity to take on the day to day running of operations and to work with Paul to continue growing the business.”
Quilter Investors is part of Quilter, a UK-based wealth management business.
In the first half of this year, Quilter registered an adjusted pre-tax profit of £115m.
