Boutique wealth firm names new COO

Real Asset Management Group (RAM) appointed a new chief operating officer.

Oliver Mourant joins RAM from Enhance Group, a Jersey-based investment consultancy firm he co-founded in 2005. There he was responsible for its overall operations, helping to grow to £20 billion ($34.5bn) in assets under administration.

Among its services, Enhance provides investment reporting, wealth consultancy and treasury services to trust companies, charities and private clients. Outside of Jersey, it has operations in London, Singapore and Geneva.

Commenting on the appointment, RAM Group Australia chief executive Scott Kelly said Mourant understands high-net-worth business creators and also places great importance on transparency, integrity, exceptional client service and team work.

Mourant is based at the wealth management and advice firm's Sydney office; it also has offices in Melbourne, Brisbane and Hong Kong.

Portfolio manager Michael Frearson recently spoke to Financial Standard about the outperformance of hybrid securities.

Frearson, who joined RAM last year to oversee its Diversified Fixed Interest and Credit SMA and the Australian Listed Interest Rate Securities SMA, said when it comes to hybrids, there are "quite divergent views" because people tend to focus on the worst-case risk outcome.

"Over the longer-term, 14 years say, it's very attractive. You're looking at 75% of the equity market return with only around 30% of the risk. That's based on long-term hybrid index data. Risk-adjusted, it's better than the equity market regardless of time period," he added.

RAM launched two separately managed account strategies in July.

Available via Macquarie Wrap, the Diversified Fixed Interest and Credit SMA and its Listed Interest Rate Securities SMA offer tax-effective income generation by investing in ASX-listed credit; these include direct securities and exchange-traded products.

Read more: RAMReal Asset Management GroupEnhance GroupMichael FrearsonOliver MourantScott Kelly
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