Aubrey Capital Management has boosted its private client team with the hire of Chris Sutton, Rathbones' deputy regional director in Edinburgh.
Sutton joins from Rathbones, where he had worked since 1996. Most recently he was an investment director and deputy to the regional director in Edinburgh. Sutton also helped build the £450 million Sipp business alongside John Gunn and Evangelos Assimakos, who made Citywire's Top 30 under 30 in 2013. His departure from Rathbones' Edinburgh office follows that of investment director Tim Wishart, as revealed by Wealth Manager on Tuesday, to launch a Scottish office for Psigma Investment Management.
Sutton was also a member of the strategic asset allocation and collectives research committees and helped oversea the selection of indirect commercial property investments for the company.
Sutton is joining Aubrey's private client division, which is headed by former Wealth Manager cover star Barry McCorkell (pictured) and Simon Milne.
Milne told Wealth Manager: ‘I have known Chris for sixteen years, and always regarded him extremely highly. The chance came to offer Chris a position at Aubrey at an extremely exciting point in the roll- out of Aubrey’s wealth management proposition.
'We are delighted to have recruited such a considerable talent as Chris, and someone with such a strong pedigree amongst the UK’s IFA community’.
This comes on the back of solid growth, which saw Aubrey's funds under management reach £350 million, up £50 million over the last six months.
These are divided between the global equity funds run by founder Andrew Dalrymple and his team of international analysts, Sharon Bentley-Hamlyn’s European fund, and the firm's private client offering, which includes the S&W Aubrey Collective Conviction fund.
McCorkell added: 'We have firm ambitions to build a high-end private client business, serviced first-hand by experienced investment professionals, who fully understand the affairs and needs of wealthy families, and can relate constructively to their different advisors.'
In July, McCorkell told Wealth Manager he was hoping to see the boutique manage ‘at least’ £5 billion in funds under management in five years’ time.