Hargreaves Lansdown has appointed former Brown Shipley executive Toby Vaughan as its new chief investment officer, responsible for the HLFM fund range.
“Toby’s responsibilities include defining the investment strategy for all HL Funds and strategies, setting the investment philosophy and process, governance and risk, and being accountable for performance and the delivery of good client outcomes,” said Hargreaves Lansdown.
“Prior to Brown Shipley, Toby was Head of Multi Strategy Solutions at Santander Asset Management, Fund Manager at LV Asset Management, Director or Asset Allocation at F&C Asset Management and a former winner of Investment Week’s Fund of Fund Manager of the year.”
Ruchir Rodrigues, chief client and commercial officer, Hargreaves Lansdown, said: “Toby is a highly experienced CIO and fund manager who joins from Brown Shipley (the UK arm of the Quintet Private Bank Group) where he has been responsible for the development of process, decision making and delivery of investment objectives on over €20bn of discretionary assets across the group product ranges.
“Toby has also been responsible for driving the creation of a centralised investment process, led transformation work and been heavily involved in projects to improve scalability.
“The HL fund management business sits at the very heart of the growth element of our strategy, providing a wide range of investment solutions to help clients at every stage of their investing journey.
“Toby shares our passion for client service and delivering great outcomes for them and we’re delighted he is joining the team.”
Vaughan said: “I’ve long been an admirer of HL and am delighted to be joining such a highly experienced team, and the market leader at such an exciting time.”
Hargreaves Lansdown said it has a total of 18 funds with £8.6 billion of assets under management as at March 31, 2023, with other fund launches planned for later this year.