Who We Are
We are an award winning investment consultancy founded in 1984. Since that time we have been providing clients with insightful and successful investment solutions. Over the years, we have developed and applied a unique approach to investment manager research, assessment and portfolio construction. We are a team of approximately 40 people based in London with a truly global manager coverage and have built up a manager database of over 6,500 investment managers/strategies worldwide.
Founder & Chief Investment Officer
Nathan is the Founder and Chief Investment Officer of Stamford Associates Limited. Prior to establishing the business in 1984, he worked for Orion Bank in London and Hill Samuel and Co.
Nathan has a wealth of investment experience spanning over 40 years. Indeed, there can be few peers within the investment consulting industry who have been researching, assessing and monitoring investment managers for as many years as Nathan on a global basis and with the same absolute focus on value creation, protection of clients’ interests and behavioural appraisals of investment decision making processes.
Roger Cobley has been Stamford’s Chairman since 2005 and has spent his entire professional career working in pensions and investments both as an international consultant and as a corporate international employee benefits Director. He is a Past President of the Pensions Management Institute, Past Chairman of the Independent Pension Trustee Group, and has served on the Accounting Standards Board Pensions Advisory Panel and pensions committees of several professional bodies.
As well as being a Fellow of the PMI, Roger is a Fellow of the Institute of Actuaries and an Associate of the Society of Actuaries. He has chaired a number of pension scheme trustee boards and has sat on various pension scheme investment committees.
Chief Financial & Operations Officer
Terry is Stamford’s Chief Financial & Operations Officer. He has been with the company for over 12 years, having previously been Director of Finance & Compliance and Senior Vice President for M&A firms and Group Company Secretary and Controller in technology businesses following a career in audit & assurance.
Terry is a Member of the Chartered Securities Institute, a Fellow Chartered Management Accountant, Fellow International Accountant and Chartered Secretary and has an MSc in Accounting with Finance from London South Bank University.
Steven joined in January 2019 and is Stamford’s Managing Director with a particular focus upon corporate strategy, business development and people leadership. Previously he was COO at Quilter plc (formerly Old Mutual Wealth). Prior to this, he was CEO of Standard Bank Wealth, where he led the wealth businesses globally, including asset management and distribution, short and long term insurance and financial planning across all client segments. Steven has also held various senior roles within Liberty Holdings in their Corporate and Retail Divisions, and was CEO of Investment Solutions, South Africa’s largest multi-manager business.
An Actuary by training, Steven started his career as an Actuarial Manager in the Corporate Life department of Commercial Union Life (subsequently part of the Aviva Group). He is a CFA charterholder and has also completed the Advanced Management Program at Harvard Business School.
Michael Hogg CFA FCA
Deputy Chief Investment Officer
Michael is Stamford’s Deputy Chief Investment Officer.
Michael joined Stamford in 2013 from JO Hambro Capital Management, where he had been Investment Analyst for its UK Opportunities Fund. He first qualified as a chartered accountant at BDO, before working in Corporate Finance on a broad spectrum of M&A and capital markets projects. He is a CFA charterholder and a Fellow of the Institute of Chartered Accountants in England and Wales. He also holds a PhD in Physics from St Catharine’s College, Cambridge University, and an MSci in Physics from Imperial Collage.
Head of Business Development
Max is Stamford’s Head of Business Development and is responsible for managing and cultivating relationships with new clients. Prior to joining Stamford he was Director and Investment Analyst at MMIP Services Limited, with several years’ experience evaluating global hedge fund managers.
Max holds an MSc in Management from Imperial College London and a BSc in Psychology from York University.
Senior Investment Consultant
Stuart is a Senior Investment Consultant, responsible primarily for advising Stamford’s UK pension fund clients. He has worked at Stamford since 2000, with prior experience gained at pensions’ consulting and asset management firms.
Stuart is IMC qualified and holds a BSc in Economics and Politics from the University of Birmingham.
Andy Downes, CFA
Senior Investment Consultant
Andy joined Stamford in 1994 and is a senior investment consultant with a wide-ranging role that reflects his extensive investment experience at the firm. As part of the client consulting team, his responsibilities include managing client relationships, supporting new initiatives and advising on the structural implementation of new and existing business.
Andy is a CFA charterholder and a member of the CFA Society United Kingdom. He holds an MSc in Investment Analysis from the University of Stirling and a BA (Hons) in Business Studies from London South Bank University.
Associate Client Consultant
James is an Associate, Client Consultant who joined Stamford in 2006. His role forms part of the client consultant team providing advisory services to UK pension fund clients in particular as well as engaging and supporting new business initiatives. With a career extending across investment consultancy, asset management and private banking, James has 20 years of client servicing, investment analysis and investment operational experience.
James is IMC qualified and in the process of completing the CFA’s CIPM programme.
Ben Fox, CFA
Head of Fixed Income
Ben is Stamford’s Head of Fixed Income and is responsible for the research and monitoring of Fixed Income and Credit strategies and investment managers. He has been researching investment managers for over 20 years and prior to joining Stamford was Head of Multi-Alternatives at BMO Global Asset Management and previously a Founding Partner of Goodhart Partners.
Ben holds an MA in Mathematics from Cambridge University and is a CFA charterholder.
Duncan Burden, CFA
Deputy Head of Manager Research
Duncan is Deputy Head of Manager Research within our Investment Team, with responsibility for leading efforts in identifying new portfolio managers. Prior to joining Stamford, Duncan spent six years as an equity research analyst at Sanlam.
Duncan has a First Class BSc (hons) in Biology from the University of Nottingham and is a CFA charterholder.
James Courtman, CFA
Head of Manager Monitoring
James is Head of Manager Monitoring within our Investment Team, with responsibility for ongoing manager evaluation and appraisal. Prior to joining Stamford, James worked as an equity research analyst at a Long / Short Equity fund.
James has a BSc in Economics and History from the University of Bristol and is a CFA charterholder.
Prof. Adrian Furnham
Principal Behavioural Psychologist
Adrian is Principal Behavioural Psychologist at Stamford Associates and leads our behavioural evaluation of investment managers. He is also Adjunct Professor of Psychology at Exeter University, the Norwegian Business School and Verdana University.
Adrian has a DPhil from Oxford University, a DSc from London University and is author of over 90 books and 1250 scientific papers.
Elaine is one of Stamford’s Behavioural Consultants, responsible for building and maintaining a psychological overview of our investment managers and the context within which they operate. Prior to joining Stamford, Elaine was a research consultant specialising in Organisational Psychology.
Elaine holds an MSc in Organisational Psychology from Manchester Business School and a BSc in Psychology from the University of Manchester.
August Ekstrom, CPsychol
August is one of Stamford’s Behavioural Consultants, applying his professional expertise in making behavioural observations with respect to our ongoing evaluation of investment managers and their decision-making processes.
August started his career as a clinical psychologist in Sweden’s public health service and subsequently worked in Sweden as a consultant, creating and delivering management development programmes as well as leadership training and executive coaching. He is a qualified Chartered Occupational Psychologist and holds a double MSc in Clinical and Occupational Psychology from Stockholm University.
Karling Wan, MCIPD
Human Resource & Office Manager
Karling is Stamford’s Human Resource & Office Manager, providing solutions for our resourcing and operational requirements. She joined Stamford in 2014 and has some 20 years’ experience working in the financial services industry, spanning investment banking, asset management and private equity.
Karling is a fully qualified Chartered Member of the CIPD.