LJ Partnership has made two hires which it says are part of global expansion plans. The London-based wealth management and real estate partnership, is also due to rebrand Alvarium Investments in 2019.
Ken Costa and Ali Bouzarif both become partners and shareholders of the group. The pair will also become executive board members.
Mr Costa also becomes co-chairman and will be based in London. He formerly was chairman of Lazard International, global head of M&A at UBS and chairman of Europe, Middle East and Africa at UBS Investment Bank.
Mr Bouzarif will be based in New York and is a former head of investment execution at the Qatar Investment Authority and a former non-executive director of Heathrow Airport, Canary Wharf (formerly Songbird Estates), American Express GBT and Accor.
“Attracting individuals of the calibre of Ken Costa and Ali Bouzarif is testament to our growth to date as well as our ambitions for the future,” said Alexander de Meyer, chief executive of LJ Partnership. “There is no doubt that investment attitudes and asset allocations are changing as institutional and private wealth transfers to the millennial generation and the older generation changes the way it looks at investment allocation. We are well placed to adapt to a reshaped wealth management sector: pivoting our core disciplines in financial and real estate assets to encompass new sectors and strategies; expanding our operations in Europe, Asia and the Americas; and securing new partners, shareholders and clients to achieve our growth ambitions.”
Established in 2009, LJ Partnership advises clients on financial asset and real estate allocations in public and private markets. It employs 200 across offices in London, New York, Miami, Hong Kong, New Zealand, Geneva, Lisbon and the Isle of Man. It says it supervises £11bn ($15bn) in assets in Europe, Asia and the Americas and that to date, it has invested over £2.2 billion of equity, primarily in real estate. It is regulated in six countries, including the FCA in the UK and the SEC in the US.
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