Wealth Manager - the site for professional investment managers

Register for full access to Citywire’s Fund Manager database, news and analysis. 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 Investment Pulse: the highs and lows of 2014

Investment Pulse: the highs and lows of 2014

This week's Investment Pulse looks back at some of the biggest stories of the year as well as looking forward to 2015.

Play Inside ETFs: Why the US bull-run still has legs

Inside ETFs: Why the US bull-run still has legs

Global equities suffered a sharp sell-off in the third quarter but exchange traded fund investors are continuing to back the US to outperform in 2015

Play Paul Niven: I won't rip up the Foreign & Colonial Trust history book

Paul Niven: I won't rip up the Foreign & Colonial Trust history book

The newly appointed manager of the Foreign & Colonial trust talks about his plans for UK's oldest investment company.

Your Business: Cover Star Club

Manchester wealth firm hires Coutts director for London launch

Manchester wealth firm hires Coutts director for London launch

Former Coutts director Tony Robinson has joined Chartered Wealth Management to head the company’s newly opened London office.

Wealth Manager on Twitter