Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a588380
Arjent management walks out and plans new venture
by Danielle Levy on May 11, 2012 at 10:57
Arjent’s management team, including chief executive David Couch and chief operating officer Chris Deacon, have walked out of the firm due to irreconcilable differences with the board, Wealth Manager understands.
Kevin Spear, business development head, has also left alongside Couch (pictured) and Deacon. Couch’s responsibilities have been taken on by Arjent’s head of investment management James Hutson, who has been appointed managing director following the departures.
Adam Sketchley has been promoted to head of investments and finance director Simon Sotomey takes over as COO of the group.
It is understood the outgoing trio is in talks with a number of parties about relaunching an investment management venture, potentially through its holding company, Code Investments.
While the exact nature of the dispute is not known, managing director Hutson stressed the firm remains in expansion mode, having recently launched a model portfolio range on Parmenion and a Stratford-upon-Avon office.
‘As of this moment, the plan is to continue building assets under management, and we are making good headway with the Arjent managed portfolio solution,’ he said.
News sponsored by:
Today's top headlines
More about this:
More from us
- David Couch steps down as Arjent chief
- Arjent launches portfolios and seeks out acquisitions
- Rowan Dartington chief Hutson jumps ship as sale looms
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
on May 24, 2013 at 11:32