Morningstar portfolio manager jumps ship to AJ Bell

AJ Bell has continued its hiring spree with a third addition to the investment team this month.

Simon Molica joins as fund manager with immediate effect. He was previously a portfolio manager at Morningstar.

Last week, AJ Bell announced Kevin Doran and Matthew Brennan were joining from Brown Shipley, becoming chief investment officer and managing director respectively.

The team is responsible for developing and managing AJ Bell’s investment solutions including a managed portfolio service and the passive fund range.

AJ Bell head of fund selection Ryan Hughes says Molica has strong experience in fund research and portfolio management.

“Investors and advisers are increasingly looking to managed solutions to save both time and money and with Simon’s strong background in fund research we will continue to develop the propositions in line with client needs, ultimately making it easier for them to invest,” Hughes says.