Marlborough promotes Sheldon MacDonald to CIO

Nicholas Cooling steps down

Marlborough has promoted Sheldon MacDonald, chief investment officer of multi-asset, to CIO for the firm, as its incumbent CIO is stepping down after more than 30 years.

Nicholas Cooling started at Marlborough in 1991 as a fund manager. Throughout his career, he organised the company's investment processes which led to a "significant expansion" of the business. He has been CIO since 2019 and will work closely with MacDonald until he retires in May. MacDonald joined the firm in October 2021, and prior to this he worked for Liontrust and Architas. Liontrust appoints Hymans Robertson and Defaqto for multi-asset range In his new role, he will have overall responsibility for the 19 funds within the IFSL Marlborough range, 15 of which are single strategy...