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IPS hires ex-Goldman Sachs hedge fund manager

By Drazen Jorgic | 09:30:00 | 22 January 2010

Wealth management boutique IPS Capital has hired former Goldman Sachs hedge fund manager Chris Brown as co-chief investment officer.

Brown, who was an actuary by profession before moving into banking, will also join the IPS board as a partner.

He began his investment career with spells at Commerzbank and Citibank before moving to Goldman Sachs as a credit trader within the European Special Situations team. Most recently he set up and invested in his own niche credit hedge fund.

IPS founder and former Citywire Wealth Manager cover star Jonathan Blain said the appointment of Brown was a strong addition for the firm given his past experience.

He said: ‘Chris brings a highly analytic set of skills, which is enhancing the investment management process and knits well with my trading background.’

Brown officially joined IPS on 1 January but has already spent several months working at the firm. He has helped develop IPS’s ART system, a proprietary in-house risk and trading software.

The system gives IPS daily risk, trading and portfolio analysis tools similar to those that Brown used during his investment banking and hedge fund career.

Blain added: ‘The system allows portfolio-wide trading for clients as well as running risk metrics and downside scenario analysis on a client-by-client basis

Brown, meanwhile, said the way IPS ran money appealed to him as a portfolio manager and he joined the company to boost the growth of the business.

He added: ‘I felt there was a real opportunity for me to add value to the business and investing process.’

http://www.citywire.co.uk/professional/-/news/wealth-management/content.aspx?ID=378161