Mason Stevens hires Head of Asset Allocation


Mason Stevens has announced the appointment of Paul Spence as Head of Asset Allocation.

Mr. Spence has held various positions at AMP, Sustainable Insight Capital Management, Deutsche Asset Management, Zurich-Scudder Investments and Barra International throughout his career and was most recently an analyst at State Street.

“Paul comes to us with over 30 years of market experience with a strong background in portfolio construction and quantitative analysis,” said Mason Stevens CIO Jacqueline Fernley.

“He will be instrumental in helping advisors and managers evaluate and implement disciplined portfolios that aim to improve investor outcomes.”

In the new role, Mr. Spence will be responsible for developing bespoke strategic and tactical asset allocation solutions for the firm’s platform clients who manage managed portfolios.

“As their businesses grow, our advisors increasingly seek our help with their investment decisions, whether it’s asset allocation, strategic execution advice or representation on an investment committee,” Ms Fernley said.

“We have the specialist resources like live trading execution and in-house experts to support this. This gives advisors the flexibility to focus on their conversations with customers instead. »

Mr. Spence will report to Ms. Fernley, who joined Mason Stevens as CIO in April after holding previous positions at JBWere, CFS and Magellan. The appointment of Wayne Twomey as CFO was also announced at the same time.

In January, the company named Tim Yule as its new CEO following the retirement of Vincent Hua, who stepped down as CEO and CIO after 11 years with the company.

More recently, Mason Stevens appointed Ian Weir as lead broker within his investment team. The firm said the appointment reinforces its approach of supporting advisers with “investment rigor and expertise”.

Mason Stevens hires Head of Asset Allocation

A former State Street analyst has joined the investment manager.

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Last update: July 21, 2022

Posted: July 21, 2022

Jon Bragg

Jon Bragg

Jon Bragg is a reporter for Investor Daily from Momentum Media, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.


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