Fortnum appoints Independent Chair to investment committee

Fortnum Private Wealth (Fortnum) has appointed Nigel Douglas as independent chair of the firm's investment and insurance committee.

In this role, Douglas will oversee Fortnum's investment business, including its managed discretionary account (MDA) services.

Douglas has over 30 years' experience in the financial markets, specialising in investment manager research, asset allocation and macroeconomics. He is CEO of independent research firm Douglas Funds Consulting and his previous roles include, head of research at van Eyk Research, head of investment research at Perpetual Private, and senior manager mandate research at ANZ Wealth.

Douglas' appointment at Fortnum follows the addition of former Centric Wealth CEO, Glen Castensen, as a company executive in February 2018.

In a statement, Fortnum said that CEO Neil Younger "has been deliberate in his approach to delivering the best advice and business solutions to their practices with Glen and Nigel as key components to this strategy."