James Hoare has been appointed managing director of Enhance Managed Portfolio Index (MPI) Ltd, which the group plan to “expand significantly”.
Enhance MPI aims to connect advisers and wealth managers by providing a transparent and common understanding of their investment choices through benchmarking.
Jersey-based Enhance offers its indices as a STEP (Society of Trust and Estate Professionals) member service for portfolios managed on behalf of persons acting in a fiduciary capacity.
The service currently has 55 contributing managers based in Canada, the UK, Switzerland and Singapore who contribute performance and asset allocation data across a range of strategies.
“We are delighted to have the opportunity to work with such experienced professionals to help to build MPI into a truly unique and independent service,” Enhance chief executive Tom Wiseman commented.
STEP chief executive George Hodgson said: “We have been pleased with the continued worldwide take up of the Indices, which provide our members with much-needed clarity on investment risk and return and look forward to the further evolution of this important STEP Member Service.”
James Hoare commented: “We see significant demand and benefits in helping bring advisers and investment professionals together and I look forward to working with Tom and his team to realise the full potential of this service.”
Enhance MPI is part of investment consultants Enhance Group.