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Quilter Cheviot raids rivals for six new wealth managers

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Quilter Cheviot raids rivals for six new wealth managers

Former WH Ireland, Tilney and Rathbones' wealth managers feature among six new Quilter Cheviot hires.

The hires include Lawrence Cotton and James Hughes, who Wealth Manager revealed last week had quit WH Ireland. The duo have joined Quilter Cheviot's London office. 

The firm has also added former Royal Bank of Canada (RBC) investment manager Andrew Jones to its London branch. Jones served as an investment manager at RBC between 2009 and 2015, before taking a break from the industry. 

Elsewhere Quilter Cheviot has bolstered its Glasgow office by poaching Tilney associate investment manager Andy Smillie, while Lorraine Antypova has joined the Liverpool office from Blankstone Sington. 

The sixth recruit, Thomas Lovell, joins Quilter Cheviot's Jersey office from Rathbones, where he was an investment director. 

The appointments come after Quilter warned in its results last week that investment manager departures following last year's IPO as a standalone business could 'lead to higher than trend outflows' through to 2020. 

Investment manager headcount within the business dropped 5% last year,  in a period which saw a high profile walkout by Cheviot founder Michael Kerr-Dineen, followed by 24 colleagues

The six new hires increases Quilter Cheviot's investment management team 162 across the firm's 12 offices. 

Quilter Cheviot chief executive Andy McGlone (pictured) indicated there could be more new faces to follow the six. 

'It is an exciting time for the business; continuing to grow our investment team is a key focus for the year ahead and we expect more experienced investment professionals to join us over the coming months,' McGlone said. 

'I’m pleased to see such quality in the candidates we are attracting to help us deliver on our top priority, providing exceptional service and performance to our clients.'

 

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