Nick Murphy joined Smith & Williamson as a partner in the investment management team in 2012 and has successfully built up a client base of charity portfolios, as well as other client types.
In his new role he will work closely with investment managers within the group to raise the firm’s profile as one of the UK’s leading charity investment managers.
Smith & Williamson’s charities business has grown significantly in recent years, with charitable assets under management growing from around £400m a decade ago* to over £1.9bn at the end of September 2017.
David Cobb, Co-chief executive at Smith & Williamson, said: “Investing in our charities business forms an important part of our growth strategy. We are confident that Nick will help us achieve our ambitions by ensuring close coordination between our designated charity investment managers in London and the regional offices along with our business development team.”
Nick Murphy added: “We have an enormous opportunity to grow our charities business over the coming years and I am excited to be leading a team that will always put our clients first. Attracting new, talented senior members to Smith & Williamson and nurturing the next generation of advisers will be a key priority in my new role to ensure we keep pace with our expansion plans.”
For further information, please contact: Mark Gee, 0207 131 4597, Mark.Gee@smithandwilliamson.com
*charitable assets under management were around £400m as of 31 December 2006
By necessity, this briefing can only provide a short overview and it is essential to seek professional advice before applying the contents of this article. No responsibility can be taken for any loss arising from action taken or refrained from on the basis of this publication. Details correct at time of publication.
Notes to editors
Smith & Williamson is an independently owned professional and financial services group with over 1,800 people. The group is a leading provider of investment management, financial advisory and accountancy services to private clients, professional practices and mid-to-large corporates. The group has twelve offices; these are in London, Belfast, Birmingham, Bristol, Cheltenham, Dublin (City and Sandyford), Glasgow, Guildford, Jersey, Salisbury and Southampton.