Ex-Ignis equity manager Martin Brown exits Cornelian

Brown, who previously worked at Ignis Asset Management as an equity income fund manager, joined Cornelian in October last year, as the firm sought to grow its intermediary division and expand outside the Scottish borders.

However, Cornelian has confirmed Brown has left after a short time to return to institutional investment management.

A spokesperson for the firm said: ‘We wish him every success for the future and would like to record our thanks to him for his hard work and commitment during the short time he was with us.’

Brown left Ignis in March last year, after the asset manager appointed Graham Ashby to take over the management of his UK Equity Income fund. At the same time as hiring Brown, Cornelian brought on board Grant Thomson from Newton as a senior manager within its private client and charities team.

Brown’s departure follows a spate of exits from the firm over the past few years.

Last August, investment director Stephen Hunter left Cornelian for Rathbones’ Edinburgh office, while investment manager Jamie Daniels left the firm in 2011 after only eight months.