Wealth and investment management firm Brown Shipley has appointed a new chief investment officer.

Toby Vaughan will start his new role in October after joining from Santander Asset Management, where he is currently head of its multi strategy solutions team.

Brown Shipley says Mr Vaughan brings “a wealth of experience, including being responsible for the oversight of more than £14bn of assets.”

His experience covers a range of investment strategies from traditional multi-asset risk-profiled products through to more outcome focused portfolios and, more broadly, from lead management of portfolios, the development of investment processes and the management of fund management teams.
 
In his 17 years in the fund management industry Mr Vaughan and his teams have received a number of accolades and industry recognition for the management of portfolios and processes, both in the UK and internationally.

At Santander Asset Management some of these include managing product ranges with a Defaqto 5 Diamond rating and winning the Fund of Funds Investment Week Fund Manager of the Year.

Prior to Santander Asset Management he was a principal fund manager at LV Asset Management, after starting his career at F&C Asset Management in 2001.   
 
In his new role Mr Vaughan will be responsible for Brown Shipley’s research and asset management unit, working closely with the firm’s 50 investment specialists.

He will replace current CIO, Don Smith, who is leaving the business at the end of September after three years.
 
Alan Mathewson, chief executive at Brown Shipley, said: “This is an exciting hire for Brown Shipley.

“Toby is an experienced asset management professional and I look forward to working with him as he further enhances our investment management proposition for our clients.”       
 
Mr Vaughan said: “I am thrilled to be joining Brown Shipley.

“With a rich heritage and strong foundations, the business has clear growth plans.

“I look forward to working with my team and playing an instrumental role in helping take Brown Shipley to the next level.” 
 
Toby’s appointment is the first senior hire made by new CEO, Alan Mathewson, since joining the business in April of this year.

Mr Mathewson also joined from Santander, where he was managing director for wealth management and private banking.