Quilter Cheviot, a leading investment management firm that forms part of Old Mutual Wealth, has appointed a new Charity Director, Charles Mesquita, as an addition to its charities team.
Charles will join the 10 strong team at the beginning of January, reporting to Head of Charities William Reid.
Quilter Cheviot’s charities division has funds under management of over £1.5 billion of assets on behalf of 643 charities nationwide, making it a leading charity manager in the UK.
Charles has over 30 years’ investment experience and has worked for a number of leading financial institutions, including Newton Investment Management and Investec Wealth & Investment. Among other key roles at these firms, he was responsible for founding and launching the Charities Property Fund with Savills in 2000: the first Common Investment Fund investing in UK commercial property. Over 1,800 charities have invested in it to date with assets of over £1 billion.
In his new role at Quilter Cheviot, Charles will help develop the firm’s specialist charity capability.
Charles commented: “It is an exciting time to be joining Quilter Cheviot. Not only do they have an envious track record of delivering robust performance, but also a strong reputation for helping charities with their investments. Quilter Cheviot retain the ethos that the people you meet are the people managing your portfolio. As a trustee, I am only too aware of the challenges facing charities and the value put on having a strong relationship with someone you can trust.”
William Reid head of charities commented “We are delighted to welcome Charles to Quilter Cheviot as he is well qualified to enhance our capabilities. In light of the significant advice gap in the charities sector, the key to help resolving this is to recruit high calibre individuals who not only understand investment but are in tune with the challenges that trustees face.”
Charles is a trustee of Bowel & Cancer Research, RL Glasspool, a grant giving charity which aims to help people step out of poverty, and PRISM, which helps to promote and to facilitate charitable giving in a flexible and efficient manner. Charles also sits on the board of the Charity Investors Group, a forum promoting a greater understanding of investment within the sector.
Investors should remember that the value of investments, and the income from them, can go down as well as up. Investors may not recover what they invest. Past performance is no guarantee of future results.