Evelyn Partners has appointed Kate Morrissey as head of asset allocation, a newly created role within its central investment team.
Reporting to chief asset management officer Edward Park, Morrissey will lead macroeconomic and quantitative strategy teams, shaping the firm’s asset-allocation decisions.
Morrissey joins after a 23-year tenure at HSBC, where she most recently managed £16bn as head of world selection and global strategy funds.
At Evelyn Partners, she will guide the Tactical Asset Allocation Group, build consensus on strategies and communicate the firm’s investment perspectives to internal and external stakeholders.
Additionally, Morrissey will recruit a team of investment specialists to deliver Evelyn Partners’ house view, investment process and products.
Commenting on the appointment, Edward Park said: “We are delighted to welcome someone of Kate’s calibre and track record to the central investment team.
“Her proven leadership and collegiate style are well aligned with the Evelyn Partners investment process, and I look forward to working with Kate to develop our investment approach and establish the investment specialist team.
“This group will be dedicated to delivering our key investment messages to our internal and external partners.”
Morrissey added: “I am delighted to be joining Evelyn Partners at such an exciting time. I am looking forward to working alongside Edward Park and the broader team to strengthen our asset allocation process.
“In partnership with the investment management teams, I am excited to help drive the investment proposition and deliver best-in-class solutions for our clients.”
The wealth-management firm currently oversees £62.7bn in assets. In January, it reported gross inflows of £2.1bn in Q4 2023 – 50% higher than the same period last year.
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