Ex-Skandia CEO Jamie MacLeod is to join wealth management boutique Berry Asset Management.
He will head the company as CEO and take a 20% share in the business when he joins on 1 September. MacLeod will buy the shareholding from Swiss private bank Bordier & Cie, which owns 90% of Berry. Berry has assets under management of £650m. James Berry, the company founder and managing director, will become executive chairman, stepping back from the operational management of the business to concentrate on looking after clients. "This is different from a typical senior hire in that MacLeod is becoming a co-owner of the business," Berry says. "It changes the dynamic quite significantly ...
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