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Timothy Horan to join Chilton Private Clients as CIO – fixed income


Chilton Trust Management, in affiliation with Chilton Private Clients, has hired Timothy Horan from Morgan Stanley Smith Barney as Executive Vice President and Chief Investment Officer – Fixed Income.  

Horan, currently Managing Director and Chief Investment Officer at MSSB Fixed Income Investment Advisors, will join CPC on 3 January, 2012.  In his new role, he will work closely with Richard L Chilton, Jr, Chairman of Chilton Trust and CPC and who will continue to serve as Chief Investment Officer – Equities.

Joining Horan will be four experienced fixed income investment professionals, Debra Crovicz, William McNaught and Nicholas Rafferty – also from MSSB – and Jessica Lamendola, from Moody’s Investor Services. They will provide Chilton Trust’s clients with comprehensive global and domestic fixed income capabilities.

In addition, CPC has signed an agreement with MSSB through which Horan and his team will continue to provide fixed income management services to their existing MSSB clients as a sub-advisor on the MSSB Global Investment Services platform. 

Horan is a highly regarded investment manager with over 25 years of experience in the financial services field. For over ten years at Morgan Stanley, in both New York and London, Horan has led the fixed income portfolio management business for ultra-high net worth private clients, charities, endowments and family offices. Before joining Morgan Stanley, he was Director of International Fixed Income at Lord Abbett & Co. He also held senior management positions as a foreign securities and foreign exchange portfolio manager at Credit Suisse and Aubrey G Lanston & Company, Inc. Earlier in his career, Horan was a member of the risk management team at Bankers Trust. During the Volcker years, Horan was an economist and foreign exchange trader at the Federal Reserve Bank of New York.

Based in Palm Beach, Florida, and led by Garrison D Lickle, Chilton Trust offers full-service, bespoke private wealth management services, including asset allocation advice, management of separate portfolio accounts, tax advice, trust and estate planning and family office services. Some of these services are provided through CPC, Chilton Trust’s affiliate in New York and Connecticut.   Mr. Horan’s fixed income team will be based in CPC’s New York office.

Chilton,says: "We are thrilled to have a portfolio manager of Tim’s calibre and integrity leading fixed income investment strategies. He and his team will enable us to expand the product offerings available to Chilton Trust clients. I am pleased that we will be able to achieve this through a unique strategic partnership with Morgan Stanley, with which we have a 20-year history of collaboration. Chilton Trust and CPC have been in operation for over a year, and now, in addition to drawing on our established expertise in equity investments, tax advice and family office services, Chilton Trust’s clients will be able to access a wide range of fixed income instruments, from high-grade corporate and municipal bonds to global inflation protected securities. With this additional expertise, we will be in a better position than ever before to grow our clients’ wealth and preserve it for generations to come."

Horan says: "This is a tremendous opportunity for us to serve clients in a firm that is fully committed to research and resources.  It is a privilege to become part of the Chilton tradition of excellence and integrity.  We look forward to working together with the Chilton team to build a premier private wealth management business."


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