NAB-aligned asset manager JBWere has appointed James Wright as its new chief investment officer, to be responsible for setting the firm’s investment strategy.
Mr Wright will also oversee the tactical asset allocation, product and security selection for JBWere’s private wealth management, institutional and not-for-profit client portfolios, NAB stated
NAB Wealth’s executive general manager of wealth advice, John Flavell, said the group is pleased to have Mr Wright in the role and building on a team already delivering strong results for clients.
“With more than 23 years’ experience in the wealth management industry, James will bring quality insights and a significant depth of knowledge to the team,” Mr Flavell said.
“JBWere’s enhanced research and execution capability has been notable in positioning client portfolios to meet the challenges faced in today’s uncertain investment environment.
“James’ demonstrated expertise across multiple asset classes is consistent with our objective of ensuring JBWere is best placed to provide its clients with the objective quality investment advice it is renowned for.”
JBWere said it has expanded its domestic and global service offering in recent years, with significant growth in funds under advice, particularly in the areas of fixed income and global equities.
Mr Wright said the move is “a great opportunity for me to join the preeminent wealth advisory brand in the country and be part of a banking group working hard to do things differently”.
Prior to joining JBWere, Mr Wright worked for Treasury, Treasury Corporation of Victoria and was more recently the CIO and head of equities at ING Investment Management.