Investec Wealth & Investment has announced the appointment of Mark Wright as Chief Entrepreneur within its Private Office.
The international bank and asset manager said the hiring is part of an effort to expand its team of experts working with high net worth clients within its private office division.
In addition, Investec is expanding its team of investment managers and financial planners across all regional offices.
Mr. Wright has over 12 years of experience in investment management, most recently leading Barclays Private Bank’s Midlands region as Senior Private Banker for Ultra High Net Worth (UHNW) before joining Investec. bottom.
He started his career at Goldman Sachs as a sales manager analyst in the securities division, with a focus on equities and equity derivatives.
Investec Private Office Co-President Michelle White said: We believe in being entrepreneurs building private offices for entrepreneurs. We welcome Mark’s appointment as a key part of our strategy to build private offices to serve our ultra-high net worth and high net worth clients.
“We recognize that it is important to treat each client as an individual and that entrepreneurial clients have different needs than clients in the financial industry. We look forward to strengthening and continuing to develop our team of experts to serve our diverse customer base.”
Mr Wright said: I am excited about Investec’s dynamism and entrepreneurial spirit and look forward to leading a strong team to provide best-in-class advice to ultra-high net worth entrepreneurs, business owners and families. ”
In April 2023, Rathbone’s Group and Investec Wealth and Investment merged to create a ‘major’ UK discretionary asset manager with around £100bn of funds under management.
Under the terms of the transaction, the new Rathbone shares will be issued in exchange for 100% of the share capital of Investec Wealth and Investments UK.