Mason Stevens has announced the appointment of Paul Spence to the role of head of asset allocation.
Mr Spence has held a variety of roles at AMP, Sustainable Insight Capital Management, Deutsche Asset Management, Zurich-Scudder Investments and Barra International throughout his career and was most recently an analyst at State Street.
“Paul comes to us with more than 30 years of market experience with a strong background in portfolio construction and quantitative analysis,” said Mason Stevens CIO Jacqueline Fernley.
“He will be instrumental in helping advisers and managers evaluate and implement disciplined portfolios that aim to enhance investor outcomes.”
In the new role, Mr Spence will be responsible for developing bespoke strategic and tactical asset allocation solutions for the firm’s platform clients running managed portfolios.
“As their businesses grow, our advisers are increasingly coming to us wanting help in making their investment decisions, whether that be around asset allocation, strategic execution advice, or representation on an investment committee,” said Ms Fernley.
“We have the specialist resources like live-trading execution and in-house experts to support that. This provides advisers the flexibility to instead focus on their client conversations.”
Mr Spence will report to Ms Fernley, who joined Mason Stevens as CIO in April following previous roles at JBWere, CFS and Magellan. The appointment of Wayne Twomey as CFO was also announced at the same time.
In January, the firm named Tim Yule as its new CEO following the retirement of Vincent Hua, who departed the roles of CEO and CIO after 11 years at the firm.
More recently, Mason Stevens appointed Ian Weir as the senior dealer within its investment team. The firm said that the appointment reinforced its approach of supporting advisers with “investment rigour and expertise”.
Jon Bragg
Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.
