Marlborough has appointed senior asset management industry figure Simon Ellis as a non-executive director to support the company’s ambitious growth plans.
Ellis has held roles including Managing Director of Legal & General Unit Trust Management, CEO of Multi-Manager and Head of UK Retail at AXA Investment Managers and Head of UK Retail at Henderson Global Investors.
He will use his 40 years’ experience at senior executive level in the industry to support Marlborough’s growth strategy, as well as further reinforcing independent oversight of the business.
The company is targeting increased asset flows into its award-winning single-strategy fund range and its multi-asset proposition, which offers multi-asset funds and managed portfolio services.
Richard Goodall, CEO of Marlborough, says: “Simon has a wealth of experience leading asset management businesses and brings exceptional strategic skills. He enthusiastically shares our vision for Marlborough’s growth and will play an invaluable role in helping us turn those ambitious plans into reality.
“At the heart of our strategy is what we see as a huge opportunity to work in partnership with businesses with the same entrepreneurial spirit. We can support these businesses as they thrive and grow by sharing our expertise and experience, helping them to achieve first-class outcomes for their clients.”
Ellis says: “Marlborough’s reputation for investment excellence is well deserved and underpinned by a client-first philosophy that’s remained deeply rooted within the company during 35 years of growth.
“That’s why Marlborough has succeeded in building a loyal and growing client base among advisers and investors – and why I’m looking forward to playing a role in the next chapter in the company’s growth story.”
During the Covid-19 crisis, Marlborough has continued to grow, recruiting new staff in strategic partnership, business development and admin roles to support the expansion of the multi-asset business. The group has also opened a new office in Bristol, adding to those in the North West, the Midlands, Cambridgeshire, London, Dublin and Guernsey.
The group announced in March that it would be recruiting additional staff in preparation for a new phase of growth. The new roles are spread across a number of departments, including fund operations, marketing, sales and compliance.
