UK-based boutique asset manager Avellemy has appointed Steven Lloyd (pictured) as managing director and Graham Bentley as chief investment officer, effective immediately.
Mr Lloyd has been investment director of the firm since its inception in 2014 and has been central to the leadership of the business to date.
Mr Bentley has held the roles of non-executive director and chair of the Avellemy board since 2020. In his new role, He will be responsible for setting Avellemy’s overall asset allocation, attempting to ensure products remain attractive to investors and providing robust risk-adjusted returns.
The appointments reflect the increasing size the business has taken over the past 18 months according to the firm, from surpassing £2.5 billion in AUM across Avellemy’s range of OEICs, MPS and bespoke discretionary fund management (DFM) offerings, to continuing to develop relationships with the wider investment advice community.
Mr Lloyd said: “Graham’s expertise and track record of leadership roles in the asset management industry are exemplary and his guidance over the past years has been integral to the success of the business. In Graham we have a Chief Investment Officer with the credentials and the experience necessary to guide us through the next chapter of our growth story, particularly continuing the expansion of Avellemy's cohort of key strategic distributors. Graham’s appointment allows us to focus efforts in that area and we naturally welcome enquiries from advisers interested in finding out more.
“Our ability to generate robust risk-adjusted returns has been abundantly clear since inception and the inflow of clients we have received is a direct reflection of the attractiveness of our offering; we look forward to surpassing many more milestones to come.”