Saturday, 13 February 2016
Last updated 7 hours ago
Oct 5 2011 | 10:06am ET
A former family office has restyled itself as a financial advisory business and lured a Barclays Wealth director to help run it.
Victoria Private Investment Office was founded (as Victoria Capital) in 2003 to manage the wealth of the UK’s Scanlon family—one of the names behind the Fosters brewing business. Following a successful management buyout, it is now owned by management, including founders Phillip Russell and Inno van den Berg.
As a sign of their intention to “take the firm’s services to a wider market,” they’ve tapped Heather Maizels as managing director. A barrister by training, Maizels gained market experience at UK merchant and US investment banks before joining Barclays, where she built the private banking business before taking it into Barclays Wealth. Maizels was also a member of the Barclays Wealth advisory board.
In a statement announcing the relaunch, the firm says it provides “objective, informed and impartial advice on investment portfolios to individuals, families, trustees and charities and also provides high level personal management of segregated portfolios on a discretionary basis.”
The firm says it has no asset bias and its co-founders have expertise across “all asset classes including currencies, which are seen as an increasingly important area of risk and return.” Victoria Private Investment Office offers investment analysis and advice to clients looking to take significant stakes in unquoted companies and also managed accounts, giving professional and fiduciary clients access to institutional pricing.
Said Russell, “Heather brings market presence and has continuous experience of clients, in particular families with business and charitable interests, who value a highly personal approach and are now increasingly frustrated that the independent advice they crave, and the investment returns they seek, are very difficult to find. Heather shares our view that this is a growing need and is the marketplace for Victoria Private Investment Office.”