Justin Onuekwusi: A Trailblazer in Investment Management and Diversity Advocacy
Justin Onuekwusi is a renowned figure in the investment management industry with over two decades of experience. Currently serving as the Chief Investment Officer (CIO) at St. James’s Place (SJP), he has played a pivotal role in shaping asset allocation strategies and fund selection while advocating for diversity and inclusion within the financial sector. His career trajectory, expertise, and contributions make him a key influencer in wealth management.
Early Life and Education
Academic Background
Justin Onuekwusi’s passion for finance and economics began early in life, leading him to pursue a Bachelor of Science (BSc) in Economics at the University of Warwick. His strong foundation in economics provided him with analytical skills that later became essential in his investment management career.
Professional Certifications
Onuekwusi is a Chartered Financial Analyst (CFA), a prestigious designation awarded by the CFA Institute. This certification underscores his deep understanding of investment analysis, portfolio management, and ethical standards, making him a trusted professional in asset management.
Career Journey
Early Career and Key Roles
Aon Consulting (2003 – 2007)
Justin started his career at Aon Consulting as a Senior Investment Analyst, where he advised pension schemes on investment strategies. His role involved analyzing financial markets, asset allocation, and investment performance, which laid the foundation for his expertise in wealth management.
Merrill Lynch (2007 – 2010)
At Merrill Lynch, he served as Vice President, Manager Research and Portfolio Construction, working on fund manager selection and portfolio strategies. He provided investment insights to discretionary portfolio managers and financial advisors, refining his skills in research and portfolio management.
Advancement in Multi-Asset Investment
Aviva Investors (2010 – 2013)
As a Multi-Asset Fund Manager at Aviva Investors, Justin was responsible for managing diversified investment strategies, including risk-targeting funds, peer-group benchmark strategies, and multi-manager funds. He played a crucial role in managing £70 billion in multi-asset funds, gaining significant experience in asset allocation and risk management.
Legal & General Investment Management (LGIM) (2013 – 2023)
One of the most defining phases of Onuekwusi’s career was his tenure at Legal & General Investment Management (LGIM). He spent over a decade at LGIM, where he held multiple key roles:
- Head of Retail Multi-Asset Funds (2013 – 2023): Managed a broad range of multi-asset strategies, overseeing investments worth over £65 billion.
- Head of Retail Investments, EMEA (2022 – 2023): Led the development and execution of investment strategies for retail clients across Europe, the Middle East, and Africa.
Chief Investment Officer at St. James’s Place (SJP) (2023 – Present)
In October 2023, Justin Onuekwusi took on the role of Chief Investment Officer at St. James’s Place (SJP). As CIO, he is responsible for shaping the firm’s investment strategy, asset allocation, and fund selection. He also chairs the Investment Committee, overseeing a vast range of funds and discretionary fund management.
Leadership in Diversity and Inclusion
#TalkAboutBlack Initiative
Beyond his professional accomplishments, Onuekwusi is a passionate advocate for diversity and inclusion in the financial industry. He co-founded #TalkAboutBlack, an initiative under the Diversity Project aimed at increasing Black representation in investment management.
Mentorship and Social Impact
- EnCircle Mentoring Circles: Provides guidance to young professionals in finance.
- Black Leaders Programme: Developed in partnership with the Investment Association to support Black professionals.
- Rolling Start Podcast: A platform where he discusses leadership, career growth, and diversity in financial services.
Awards and Recognition
Justin Onuekwusi’s contributions to finance and diversity have earned him several accolades:
- Outstanding Contribution to Diversity & Inclusion (2021) – Investment Week Fund Manager of the Year Awards
- Contribution to Inclusivity (2020) – Portfolio Adviser
- Freedom of the City of London (2020) – Recognized for his efforts in promoting inclusivity in asset management
- Future Leader (2018) – Invest in Ethnicity
Salary and Net Worth
While specific details of Justin Onuekwusi’s salary at St. James’s Place are not publicly available, it is estimated that senior executives in wealth management firms earn substantial compensation packages, including base salary, bonuses, and incentives. Given his experience and leadership roles, he is expected to be among the top earners in the UK investment sector.
Conclusion
Justin Onuekwusi is a visionary leader in investment management, known for his expertise in multi-asset investments, asset allocation, and portfolio construction. His journey from Aon Consulting to St. James’s Place highlights his dedication, strategic mindset, and leadership skills. Furthermore, his advocacy for diversity and inclusion in the financial sector sets him apart as a role model for aspiring professionals.
With his influential presence in investment management and social impact initiatives, Justin Onuekwusi continues to shape the future of wealth management while championing greater representation in the industry. His journey serves as an inspiration for both financial professionals and those advocating for inclusivity in corporate leadership.
