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Deutsche PWM £1.7bn Midlands head joins Tacit
by James Phillipps on Apr 13, 2012 at 07:00
The move sees Charalambous (pictured) reunited with his former Deutsche colleagues and Tacit founders, Raj Basra, who was an investment director at the private bank, and Roy Swain, who headed its London intermediaries group.
Basra and Swain left to set up Tacit in 2010, along with Peter Bickley, who was previously the chief strategist at Deutsche’s UK arm.
Charalambous, who quit Deutsche last month, was previously head of portfolio management for the Midlands and responsible for managing £1.7 billion across private client portfolios and unitised products. Before that, he enjoyed a long stint at Gerrard Investment Management.
‘Kypros joining us is part of our continued expansion and both strengthens and broadens the existing core team,’ Swain said. ‘Members of the team have worked with each other at various institutions over many years and are driven to delivering effective business solutions for intermediaries and their clients.’
Charalambous will work out of Tacit’s London office, but it is hoped that his extensive contact book in Birmingham and the Midlands will enable the firm to attract business from the region.
Tacit is also looking to develop further strategic partnerships with IFAs ahead of the retail distribution review, having already struck a deal with Cambridge-based Money Matters Wealth Management. ‘It will be a focused list because we work closely with our partners and provide bespoke solutions,’ Swain added.
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