Brooks Macdonald Asset Management has hired ex-Vestra model portfolio expert Jim Mackie to join its Managed Portfolio Service team.

AIM-listed Brooks Macdonald's asset management arm has appointed Jim Mackie as investment management director.

Mackie joins the London-based managed portfolio service team at Brooks Macdonald Asset Management from Vestra Wealth, where he was an investment manager, responsible for a range of model portfolios.

The MPS offering, which Mackie will be overseeing, includes five diversified portfolios and covers several investment objectives and risk profiles. In his new role, he will also help manage four risk-rated fund of funds, a range provided by sister company Brooks Macdonald Funds.

Brooks Macdonald Asset Management said growing demand from professional advisors for outsourced investment solutions had prompted the hire, as part of a continued focus on the MPS range of model portfolios.

“Our MPS proposition is in a phase of tremendous growth driven by demand from the professional advisor market and Jim’s experience in this arena will prove invaluable in the evolution of this service,” said Andrew Shepherd, joint managing director of the asset management arm.