Evelyn Partners appoints new head of asset allocation

Evelyn Partners has announced the appointment of Kate Morissey as its new head of asset allocation, who will join the firm’s investment management leadership team. 

Morissey’s role is a new position on Evelyn Partner’s central investment team, which will see her report into chief asset management officer Edward Park. 

The firm has approximately £62.7bn worth of assets under management. 

She joins the firm after spending 23 years at HSBC, most recently within HSBC Global Asset Management, where she was ultimately head of world selection and global strategy funds – worth £10bn and £6bn respectively. 

At Evelyn Partners, Morissey will lead macroeconomic and quantitative strategy teams to recommend asset allocation decisions to the tactical asset allocation group. She will operate across the central investment team and the TAAG, building consensus on investment decisions and optimising strategies.

Park said: “We are delighted to welcome someone of Kate’s calibre and track record to the central investment team. Her proven leadership and collegiate style is well aligned with the Evelyn Partners investment process and I look forward to working with Kate to develop our investment approach and establish the investment specialist team. 

“This group will be dedicated to delivering our key investment messages to our internal and external partners.” 

Morrissey added: “I am delighted to be joining Evelyn Partners at such an exciting time. I am looking forward to working alongside Edward Park and the broader team to strengthen our asset allocation process. 

“In partnership with the investment management teams, I am excited to help drive the investment proposition and deliver best-in-class solutions for our clients.”