Tuesday 24 October 2017

Davy appoints three City heavy hitters

Doug Gordon is to join the asset management team
Doug Gordon is to join the asset management team
Donal O'Donovan

Donal O'Donovan

Davy is significantly boosting its asset management arm with three senior hires from City of London firms.

The Irish finance house has hired Doug Gordon from Threadneedle in London, where he was investment sales director, to head Davy's pan European sales and distribution offering.

In addition, Jonty Starbuck has been hired from T Rowe Price, and previously Morgan Stanley, with Jeremy Humphries due to join in the next couple of months from Schroders.

The three are joining a 40- strong asset management team under chief executive officer Paul Giblin and chief investment officer Chantal Brennan.

Davy has been beefing up the asset management arm since it bought the former Bloxham Asset Management business in 2012. Since then, Davy has re-oriented from a domestic to an increasingly international focus and has been buying businesses including Prescient, the former AIB Investment Managers, and Graham Corry Cheevers and Square Seven in Northern Ireland.

Back in May, rival Goodbody swooped to hire three senior members of Davy's asset management team, including James Forbes, the then director of distribution and investment solutions. The new Goodbody hires are expected to form the nucleus of a rival operation in retail asset management.

Irish Independent

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