Bonham Carter and Somerset Webb to join Netwealth as non-executive directors
Netwealth Investments, the UK-based discretionary wealth manager launched in May 2016, announced today that Edward Bonham Carter, vice chairman of Jupiter Fund Management, and Merryn Somerset Webb, the FT Weekend columnist and editor-in-chief of MoneyWeek are to join the company as non-executive directors, effective today.
Charlotte Ransom, chief executive of Netwealth, said: “I am delighted that Edward and Merryn are joining us at this stage. Bonham Carter has been working in the investment industry for over 35 years and has extensive knowledge of the fund management market. He became Vice Chairman of Jupiter Fund Management in March 2014. Merryn, who has acted as advisor to the firm since launch, is one of the best-known commentators on personal finance and has deep insight into the UK’s financial consumers. Both appointments bring a breadth of experience and perspective which will add significantly to Netwealth as we expand our reach in the UK.”
Bonham Carter said: “I am looking forward to working more closely with Netwealth. They have a compelling business model which I believe delivers on the key requirements for a modern wealth manager”.
Somerset Webb, commenting on her appointment, said: “The wealth management industry continues to be beleaguered by high costs and inefficient models. Netwealth offers a highly credible alternative to the traditional providers.”
The pair join Michael Hartweg, the co-founder of Leonteq, as non-executive directors. The other board members are Netwealth co-founders Charlotte Ransom, chief executive officer and Thomas Salter, chief operating officer.