Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Arjent management walks out and plans new venture

Arjent management walks out and plans new venture

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Play CIO Tapes: do investors have it as good as it gets?

CIO Tapes: do investors have it as good as it gets?

Citywire gathered three of the UK's leading fund investment heads to discuss what they fear and what makes them cheer about the year ahead

Read More
Your Business: Cover Star Club

Profile: from managing Brunei’s billions to Dorking’s pension pots

Profile: from managing Brunei’s billions to Dorking’s pension pots

Mole Valley Asset Management's boss on why he chucked in multi-billion mandates for Surrey wealth management

Wealth Manager on Twitter