Paul, affectionately known as the “Old Bean,” passed away on September 4 after battling a rare disease, amyloidosis, for the past two years.
According to his business partner Mike Evans, during this time Paul showed a remarkable determination to fight the disease throughout his treatment, which reflected his positive thinking.
Despite the challenges, Paul continued to work, advise and help people, stay active and focus on giving something back to the industry where he had built his career for the past 35 years, through to his work at MosaicNED.
Paul leaves his wife, Linda, and his two sons, David and Richard.
Industry mainstay Paul has held a number of managerial positions in sales and distribution over the course of his career, before focusing more recently on building new businesses focused on support and development. driving improvements in the sector.
He began his career in asset management over thirty years ago, holding regional sales director positions at Ivory and Sime and spending over a decade at Schroders before taking on the role of managing director (Europe) at Legg Mason Global Investments from 2001 to 2006.
Paul then became Head of European and Family Office Business at Neptune Investment Management for more than three years before joining Mirabaud Asset Management at the end of 2011 to occupy the position of Sales and Marketing Manager UK and Northern Europe. He was also a non-executive director of LGBR Capital since 2015.
In the latter phase of his professional life, Paul was a founding partner of Marketing Alpha Partners and MosaicNED, which recruits, trains and places independent non-executive directors (iNEDS) for UK fund boards.
According to a friend and industry colleague Simon Ellis, who worked with him at Marketing Alpha Partners, Paul was “totally committed to these new small businesses, which were a response to his take on how the industry should. be better at what she does and how she does it.
“He was an enthusiastic promoter of independence and diversity as the best way forward for the industry.
Paul was a popular and well-known figure in the investment industry and many of the tributes paid to him on social media include thanks for helping people at different stages of their careers.
He is also remembered for his “larger than life” character, his energy, his dynamism, his unwavering optimism and his sense of fun, as well as his impeccable sartorial sense.
Here, some of Paul’s friends and colleagues from across the industry pay homage and share their memories.
Mike Evans, Founding Partner, Marketing Alpha Partners: “I have known Paul for over 30 years – he was a close friend and valued business partner. Paul radiated positivity, was compassionate and always focused on others, considering how he can contribute and help.
“For me, Paul was there to lend my support, share his wisdom and his great sense of humor. He had many passions, from cars and watches to writing poems (he even opened a conference with a) and in the last twelve months Paul was learning to play the guitar.
“His other big passion was his family – he came across as an immensely proud husband, father and grandfather – supporting his family was so important to Paul.
“And finally, he loved this industry. He loved the fast pace, he loved the people in it – many of whom are close friends of Paul. As far as the industry goes, we have lost a great person who has helped a lot and was loved by many – this is Paul’s legacy – the industry grew rich with Paul’s presence. He would like us all to stay positive, keep calm and carry on. “
Simon Ellis, Independent Chairman, NED and Strategy Advisor: “” Old Bean “was renowned for its generosity, its faith in professional sales and positivity. Struck far too young by the combination of rare cancer and a weak heart, he will be missed by all of his friends, colleagues and customer contacts. His wife Linda and his two sons David and Richard have asked for some time to collect their thoughts, and I’m sure there will be an appropriate time and way for us to pay our respects. RIP Old Bean, you will be sorely missed, friend. “
Jon Rebak, MosaicNED founding partner: “Knowing for almost 35 years and working with Paul in recent years has been a huge privilege: Paul welcomed me every day as if he had just found a long lost friend. say that. Paul was the biggest optimist, we had a great time, he made me laugh and I will miss him deeply. “
Tim Weller, President of Incisive Media: “The news of Paul’s passing is desperately sad. Paul was such a decent, honest and always fun man to be with. He was such an optimistic man and a big supporter of many in our industry. Family. Rest In Peace Old Bean Industry has lost one of its special characters.
Katrina Lloyd, Investment week editor-in-chief: “Everyone who met Paul was struck by his passion for the asset management industry and his unwavering commitment to supporting the people who work in the industry.
“Whether you are a new salesperson to his team freshly arrived in London or a young journalist trying to get to grips with the investment industry, including many Investment week Personal over the years, Paul has always been generous with his time to make things a little easier and share his knowledge and contacts.
“He knew it was really a people business and I think he would have been surprised but also very proud to realize the huge impact he has had on the lives of so many people.
“The totality Investment week the team would like to send our sympathies to their family and friends. “
Hannah Smith, Freelance Journalist: “Paul was one of the larger-than-life characters in our industry. He was a true gentleman and always so generous and full of fun. We shared hilarious gossip breakfasts, and I remember once he even brought me some homemade sausage from his local butcher, knowing I was a must-eat carnivore. He was just a really kind and lovable man and his loss is incredibly sad for his family, friends and colleagues. Rest in peace. Old Bean, we will miss you. “
Jon Yarker, journalist at Rhotic Media: “I had the pleasure of meeting Paul Boughton for the first time during my first few weeks in the industry during a function he was hosting. I was very nervous and didn’t know how to navigate a room filled with fund managers, distribution figures and other journalists. Then Paul – in a crisp Savile Row suite and a winning smile – sailed through the crowd, shook my hand and from there became a precious companion to me.
“We got together a lot at meetings, over the phone, at industry events, at lunches or even a one-on-one after work pint. It was obvious how genuine he was, a warm and friendly character who was a true gentleman to all I was truly shocked to hear of his loss and my thoughts and prayers are with his family and friends. RIP Old Bean, you will be missed. “
James Southern, Director, Head of Financial Institutions, UK Wholesale at UBS Asset Management: “I have been fortunate to have worked with Paul twice in the 19 years I have known him, and he always promised there would be a third. Paul was my boss, colleague, mentor and overall a great friend. I will miss our jokes and laughs, but I have so many fond memories of our time spent working together. Always professional, his energy and drive were infectious, and Paul loved the industry. He will be dearly missed by me and by so many others. ”
Zoe Powell, Managing Director of Share Communications: “Paul was a much respected and valued mainstay in our industry – and most importantly a kind, lovable man. I first worked with Paul in 2001 and quickly realized how well he was regarded by many. Since then his name has constantly cropped up in conversation – there are very few investment people who don’t know Paul! Always positive and cheerful, he never failed to make me laugh and I will always remember him. laughing mischievously. I can’t believe I won’t see him again – but he gave us all many happy memories to remember him. “
David Aird, Managing Director of Private Markets at Ninety One: “Paul and I were shuttle mates from Suffolk to London for years. He was always impeccably dressed, engaging, energetic and motivated. He had time for everyone, was one of the good people in life and it was easy to see why clients, colleagues and industry friends were naturally drawn to him. I had the chance to spend time with Paul and Linda recently at their Sussex home, sitting in the garden in laughing and remembering the wonderful industry we work in and the people who work there. He represented all that was good with humanity and was one of a kind. “
Marina Fraser-Harris, Associate Director at Peregrine Communications: “Paul will be sadly missed. It was a lot of fun working with him – he had such a good sense of humor and always had a little twinkle in his eyes.”
Stuart Alexander, Founder / CEO of GemCap Group: “OB was a man of great positivity long before his diagnosis and throughout his battle he held things up not just for himself but for his family, as well as for those who worked with him. many praise for OB over the next few days. All I know is that this man had a drive that was not only inspiring but contagious. A true gentleman and a man I considered to be one of the most professionals in the sector. “
Rod Aldridge, Head of Distribution at Cornelian Asset Managers: “Paul was without a doubt one of the kindest and original members of our industry. He will be sadly missed, but he will not be forgotten. Our hearts go out to Linda, David and Richard at this difficult time. Rest in peace my good friend.”
Alison Sauvage: “Paul was the real McCoy. His passion was infectious, his kindness was abundant, he was a quintessential gentleman dressed in old-fashioned attire but with a keen business acumen, diverse thinking and forward thinking. Eccentricity was renowned. He was a leader who inspired and motivated others. He was a guy who was truly loved and admired. There is a lot we can learn from OB. “