Graham Bishop

Graham Bishop is Chief Investment Officer and Head of Strategy at Heartwood Investment Management, the discretionary investment arm that now operates under the Handelsbanken Wealth & Asset Management brand (Handelsbanken acquired Heartwood in 2013). He is a CFA charterholder with a career of roughly 25 years in financial services, and he also acts as a global multi-asset portfolio manager and co-manager of the firm's Balanced Multi-Asset fund (~£1.5bn AUM), overseeing personal responsibility of around £1.5bn within a wider book reported at roughly £4.5bn.

Bishop joined Heartwood in May 2017 as an investment director, recruited to lead the firm's tactical asset allocation and to help run its multi-asset strategies. He took over as CIO on an acting/temporary basis in early 2020 following the departure of long-standing CIO Noland Carter, and was confirmed as permanent CIO on 4 June 2020. (The "Acting Chief Investment Officer" title in the source stub reflects that 2020 interim period; his appointment has since been made permanent.)

Before Heartwood, Bishop was a global macro strategist at Citi (Citigroup), which he joined in December 2014, designing short- and longer-term cross-asset trade ideas. Earlier he led European equity strategy research at Exane BNP Paribas (over two years) and at RBS (nearly four years), and began his career as an economist and multi-asset strategist at Cazenove Capital Management.

• Runs top-down, multi-asset portfolios — allocating across global equities, fixed income, funds and commodities — rather than making private-company/angel investments.
• Emphasises what he describes as "a simple but effective investment philosophy and approach," attributing results to disciplined, collective team decision-making rather than individual star-manager calls.
• Recent positioning has included increased gold exposure and a cautious stance on US mega-cap tech dominance / concentration risk.
• His original attraction to Heartwood: an "impressive and well-established client base and a strong investment track record" — a lens consistent with his focus on durable, process-driven multi-asset management.
• Specialisation in tactical asset allocation and cross-asset strategy, drawing on a macro/strategist background from Citi, Exane BNP Paribas, RBS and Cazenove.