Boutique investment manager Melville Douglas has been named as runner-up award winner in the ‘Institutional Private Client Asset Manager of the Year’, at the Citywealth Magic Circle Awards 2024. The results across nearly 40 categories in this year’s awards were announced at a gala event held on 15 May in London.

“We are thrilled and humbled to have been recognised in the Institutional Private Client Asset Manager’ 2024 category in one of the industry’s leading events,” comments Chris Stead, Head of International Portfolio Management at Melville Douglas. “This is testament to the hard work of the entire team, as well as their commitment to delivering outstanding results and service for our clients. We always welcome the opportunity to measure ourselves against industry peers, and coming out tops is a tremendous honour.”

A member of the Standard Bank Group, Melville Douglas delivers tailored investment management services to individuals, families, endowments, charitable trusts, retirement funds, and institutional clients.

The Citywealth Magic Circle Awards are revered across the financial industry, drawing professionals from the world’s leading law firms, trust companies, family offices, tax advisers, and investment managers.

Commenting on the award, Philip Smith, Head of Standard Bank Investments, Fiduciary Services, and High Net Worth Clients, says the award is well-deserved.

“Achieving this result in the face of stiff competition from globally recognised investment managers is a real feather in our cap,” he says. “I wish to congratulate the team for their hard work and dedication, while assuring clients that we will not be resting on our laurels. We take extreme pride in the results that we consistently produce for our clients, and this award will motivate us to strive even harder to deliver results they can count on.”

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Melville Douglas is a registered business name of Standard Bank Jersey Limited which is regulated by the Jersey Financial Services Commission. Registered in Jersey No. 12999. Standard Bank Jersey Limited is a wholly owned subsidiary of Standard Bank Offshore Group Limited, a company incorporated in Jersey. Standard Bank Offshore Group Limited is a wholly owned subsidiary of Standard Bank Group Limited which has its registered office at 9th Floor. Standard Bank Centre. 5 Simmonds Street. Johannesburg 2001. Republic of South Africa.