Maseco Private Wealth, a London-based US expatriate specialist wealth manager, has named Helge Kostka to the role of chief investment officer.
Kostka succeeds Oliver Prodhan, who left the company at the end of last year, Maseco said in a statement on Wednesday.
Kostka comes to Maseco from the European division of Research Affiliates, and will be responsible for overseeing the company’s investment policy and strategy, as well as managing all aspects of the company’s global asset portfolios, which are said to be worth more than US$1bn.
As chief investment officer, Kostka will also oversee Maseco’s research team, as it focuses on “smart beta factor investing” on behalf of its clients, Maseco said.
Maseco managing partner James Sellon said Kostka’s skills were well-matched to Maseco’s areas of expertise and concentration.
Maseco Private Wealth was founded in June 2008 by Sellon, Joshua Matthews and Emilia Chachulova, who had been part of Citigroup’s Smith Barney operation in London’s Canary Wharf. In addition to looking after expatriate Americans, it also advises non-AmericanUK-based investors, helps other intermediaries with their American clients, and advises those interested in sustainable and ethical investing.
It is regulated by the UK’s Financial Conduct Authority, the US Securities & Exchange Commission, and is “B Corporation-certified”, an accreditation which indicates that a business meets a certain environmental and social standard.