Titan Investment Solutions Names New CIO

Titan Wealth, a vertically integrated business offering custody, platform, discretionary fund management and financial planning, has created a new senior role.

Titan Wealth
has appointed Ian Wood as group chief investment officer (CIO) of
Titan Investment Solutions.

Wood (pictured) is currently CIO of Titan Private Wealth but will
also take responsibility for investment decisions at Titan
Investment Solutions as group CIO, the firm said in a statement.
He is taking on this newly-created role after nearly two
decades at Titan Private Wealth (formerly Cardale Asset
Management), a discretionary investment manager based in
Harrogate, which was acquired by Titan Wealth in 2022.

Wood has a track record of managing money. Between 31 December
2018 and 30 June 2024, the Titan Private Wealth All Equity
portfolio increased in value by 104.24 per cent, which
compares to the IA Global sector which has risen 79.48 per cent,
the firm added.

Wood recently told WealthBriefing in an interview that
Titan Private Wealth is heavily overweight in the luxury space,
and slightly overweight in the tech sector. He pinpointed
Paris-based Hermès International, a French luxury goods
brand established in 1837, as a top stock pick. Known for the
Birkin Bag, named after the British and French actress and singer
Jane Birkin, Hermès specialises in luxury leather goods,
accessories and clothing. “It is the best business we have,” Wood
said. “The wealthy continue to buy it. I would buy it all day
long.” See more commentary
here.

With this latest acquisition of AHR in Dubai, the group now has
£8.7 billion ($11.1 billion) of funds under management.

As group CIO, Wood will oversee the investment strategy across
the businesses and play a role in developing and growing Titan
Wealth’s asset management business, the firm continued.

Mark Harries is staying on as chief investment officer of Square
Mile and will work with Wood to ensure that the investment
strategies across the group are aligned.

“Ian has done a fantastic job as CIO of Titan Private Wealth, and
has a formidable track record. With his appointment as group CIO,
he will bring his wealth of experience and decades of invaluable
leadership experience to the wider Titan Group,” Paul Hunt, joint
CEO of Titan Asset Management, said.

“As CIO of Titan Private Wealth, I have already developed close
and productive working relationships with colleagues across the
group, which will be invaluable in my new position,” Wood added.

Titan Wealth is targeting £100 billion in assets across financial
planning, investment planning and custody over the next three to
five years. It is aiming to become one of the largest independent
wealth management groups in the UK and overseas.