Netwealth Investments Ltd, the discretionary wealth manager launched in May 2016, has apointed Edward Bonham Carter, vice chairman of Jupiter Fund Management, and Merryn Somerset Webb, FT Columnist and editor-in-chief of MoneyWeek as non-executive directors.
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 commented: “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.
Edward Bonham Carter became vice chairman of Jupiter Fund Management plc in March 2014, having been chief executive officer of the company since June 2007. He joined Jupiter in 1994 as a UK fund manager, running the Jupiter UK Growth fund to 31 December 2000 and Jupiter Undervalued Assets fund from 1 January 2001 to 31 March 2009.
Merryn Somerset Webb is the editor-in-chief of MoneyWeek and writes a weekly column on investment matters in the Saturday FT. She is a frequent commentator for radio and TV on personal finance issues.