Arbuthnot has strengthened its ranks with the hire of Simon Reynolds from Sanlam Private Investments.
Appointed as part of the executives team, Reynolds will be responsible for providing financial planning advice to the clients of the bank and their families.
At Sanlam Reynolds was a senior financial planner providing strategic financial planning, investment and tax related advice to high net worth clients, including senior executives, business owners and entrepreneurs.
Prior to this role, he was a partner at Reeves & Co accountant.
Arbuthnot Latham’s chief executive and former Wealth Manager cover star, James Fleming (pictured), said: 'Simon [Reynolds]’s appointment further strengthens Arbuthnot Latham’s offering to entrepreneurial and executive clients at a time when we are expanding both within the UK and internationally.
'We pride ourselves on knowing what our clients require and we do this by working closely with them, understanding their needs and their aspirations. Appointments such as Simon’s will further enhance these key relationships.'
A recent update revealed headline profits at parent company Arbuthnot Banking Group rose 25% in 2013 to a total of £15.7 million, driven by a 266% increase in private banking profits from £2.1 million to £7.7 million.
Discretionary assets managed by private client division grew 40% to £619 million over the year, a period which included the opening of the company’s first overseas branch in Dubai.