Andrew Ward, Chief Executive Officer at the Edinburgh and London-based asset management boutique Aubrey Capital Management, and Charles Ferraz, Chief Executive Officer at the New York-based investment boutique Itaú USA Asset Management, have joined the Group of Boutique Asset Managers (GBAM) to share business perspectives.
The organisation writes that it is GBAM is a global organisation with boutique members across five continents. It comprises specialist asset management firms that share ideas to strengthen their presence in international markets. Ward and Ferraz have joined to add their experience into the mix across the network and increase the presence of both the Group and its constituents across the investment industry.
Andrew Ward has over 11 years of asset management experience following a 22-year career in the British Army. In 2012, Andrew Joined First State Investments from the British Army, where his last role was Commanding Officer of the Infantry Battle School. Andrew initially worked in the EMEA Distribution team of First State Investments, before being promoted to the Head of the Institutional Client Team for Stewart Investors (a separately branded division of First State Investments). He was latterly the Chief of Staff of Stewart Investors, working across the business on a range of multi-disciplinary projects, before moving to Aubrey in January 2019.
In 2019, Ward joined Aubrey Capital Management from Stewart Investors, following a similar path by working across multiple areas of the business as Chief Operations Officer, Chief Compliance Officer and Director. He was promoted to Chief Executive Officer in March 2022.
Charles Ferraz brings over 26 years of Brazilian and American asset management experience to GBAM, having worked in São Paulo, Miami and New York. Ferraz began his asset management journey at BankBoston in 1997. As Managing Partner, Ferraz oversaw the BankBoston Asset Management unit and managed approximately USD13 billion, roughly BRL27 billion in AUM as of 2006.
Itaú acquired BankBoston in 2006, and Ferraz stayed within the business, working across the roles of Head of Investment Strategy at Itaú Private Bank (2006 – 2008), Chief Investment Officer at the Banco Itaú Europa International Miami Headquarters (2008 – 2010) and Chief Investment Officer at Itaú Private Bank Brazil (2010 – 2016).
In August 2016, Ferraz assumed the role of Chief Executive Officer at Itaú USA Asset Management in New York responsible for the operations and the growth strategy of Itaú Asset Management across the USA. Besides his executive role for Itau USA Asset Management, he is the Global Head of Solutions at Itaú Asset Management, responsible for teams based in NY, Miami and Sao Paulo.
GBAM Chairman Tim Warrington says: “We are thrilled to welcome Andrew Ward of Aubrey Capital Management and Charles Ferraz of Itaú USA Asset Management to our esteemed Group of Boutique Asset Managers. Their expertise and proven success across multiple geographies will undoubtedly enhance our community’s collaborative spirit and innovation. We look forward to their valuable contributions to our Group.”