Weatherbys Private Bank has appointed William Morris as head of investments.
Morris (pictured) will manage the private bank’s global tracker portfolios and oversee its panel of third-party discretionary managers.
He has over a decade’s worth of experience in private banking in client-facing investment advisory and portfolio optimisation roles, including at Barclays where he served as lead analyst for strategic asset allocations used to manage £13bn of multi-asset funds and portfolios. Most recently, he worked at Oxford Risk where he was a quantitative specialist.
Morris replaces Weatherbys Private Bank CIO John Butters who has left to run his family business.
Nathan Valbonesi, associate director at Weatherbys Private Bank, said Morris would help “turbo-charge” the bank’s investment and wealth advice service and “bring a new dimension” to its passive investment proposition used by most clients.
Morris’ appointment comes following a strong year of growth for Weatherbys Private Bank, with cash deposits up 29%. It has also been on a hiring spree to support its broadening client base, appointing more than 50 new staff in 2021.
“We operate a very conservative balance sheet, with a huge amount of liquidity maintained at the Bank of England,” director Ollie Barnett said. “Our focus on providing access to a knowledgeable and responsive team when needed continues to win in the marketplace.”