Quilter Cheviot CIO To Chair APCIMS Committee

Nick Parmée

31 January 2013

News Analysis

Duncan Gwyther, chief investment officer of Quilter, newly-merged with Cheviot Asset Management, has been named chairman of the FTSE APCIMS (Association of Private Client Investment Managers and Stockbrokers) Private Investor Indices Committee, taking over from the recently retired Mike Lenhoff. Gwyther has been an active member of the committee for more than fifteen years.

The indices are intended to provide investors with an objective measure of performance against which to measure their portfolios. The series represents the performance for growth-orientated, income, balanced and conservative investors and incorporates returns from FTSE indices representing UK equities, international equities, fixed income, cash and investment trusts.

They can be used for reviewing the asset allocation and structure of a portfolio with fund managers or stockbrokers and as a benchmark for assessing and comparing the performance of discretionary fund managers.

Earlier this month, the UK regulator, the Financial Services Authority, approved the previously-announced merger of Quilter and Cheviot; the two businesses will retain their separate brands until later this year. Terms of the transaction remain undisclosed.

The business has total funds under management of more than £12 billion (over $19 billion), most of which comprise discretionary portfolios run on behalf of private clients, charities and trusts, pension funds, corporate bodies and life companies. For more details click here.

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Thursday, January 31st, 2013 EN

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