Waverton broadens its development in the U.S. with the appointment of Andrew Vaughan-Payne
Waverton recruits Andrew Vaughan-Payne to expand its US business
London, 3rd March, 2014: Waverton Investment Management (Waverton) has today announced that Andrew Vaughan-Payne has been appointed as US Sales Director. Based in London, Andrew will work closely with the global portfolio management team to focus specifically on developing new opportunities for private clients, trusts, charities and specialist mandates in the US.
Andrew has been brought in to lead Waverton’s business in the US, which has been identified as a specific target market for the investment management firm, and to support and build on the foundations already established there.
Hugh Grootenhuis, Chief Executive of Waverton, said: “Andrew’s arrival builds on the success we are seeing in managing US clients’ money, both in the US and in the UK. We have looked after US clients for a number of years and are regularly approached by US based advisers, whose clients want to invest in global and European equity mandates.”
Andrew Vaughan-Payne, US Sales Director, added: “I have worked with the Waverton business (formerly JOHIM) for over a decade and thoroughly enjoy the culture and way they interact with clients. From my experience, I see a significant opportunity in the US for Waverton with their solid investment returns and intelligent approach. I am therefore very much looking forward to helping to grow this business.”
Andrew joins Waverton from Lazard Capital Markets, in London, where he was Director of US Equities and covered UK and European clients. After graduating from York University with a degree in economics and history, he spent 16 years in institutional equity sales at companies such as Smith Barney, and Morgan Stanley. As well as working with clients in the UK and Benelux, Andrew specialised in US equities.
For further information please visit Waverton’s website at www.waverton.co.uk
ABOUT ANDREW VAUGHAN-PAYNE
After graduating from York University in 1994 with a degree in Economics & History, Andrew spent 16 years in institutional equity sales specialising in US equities. Firstly at Smith Barney, then at Morgan Stanley where he worked for 13 years ultimately covering clients in the UK and Benelux as a Director and most recently as a Director of US Equities for Lazard Capital Markets in London covering UK and European clients. Joining Waverton in February 2014, Andrew will be focused on developing opportunities for private clients, trusts, charities and specialist mandates in the US.
Waverton is a discretionary investment management boutique dedicated to providing high quality investment outcomes and bespoke client service for private individuals, trusts, charities, and institutions.
The total headcount of the firm today stands at over 100 members of staff, of which a quarter are portfolio managers with direct client relationship responsibilities. We pride ourselves upon our internal controls, comprehensive in-house administrative operations and personalised client service. The firm is located in one office in St James’s Square, in the West End of London. As at 31st December 2013, Waverton had approximately £4.5 billion of assets under management.
All clients deal directly with their portfolio managers not relationship managers.