Cornelian Asset Management has embarked on a four-strong hiring spree and restructured the business, as it looks to grow its intermediary division and expand outside the Scottish borders.
The firm has strengthened its investment management team with the hires of Grant Thomson, who joins as a senior investment manager from Newton, alongside Martin Brown, former equity income manager at Ignis Asset Management. They will join CIO Hector Kilpatrick and head of private clients and former cover star Marcus Brooks (pictured).
The boutique has also sought to grow its links with intermediaries with the hires of business development managers Sam Pollitt, who joins from Legal & General, and Andy Holmes, who joins from Aviva and will be based in Nottingham in order to help the firm grow its presence outside Scotland.
Linked to the hires, Cornelian has taken the decision to restructure its management team, with chief operating officer John Jackson moving over to the newly created role of managing director of the intermediary business. His responsibilities have been taken on by Dougie Robb, who joins from Lloyds Banking Group.
The Edinburgh-based company said the investment in the intermediaries team was linked to what it hopes will represent the second stage of growth for this division, following the launch of the risk managed funds stands at £160 million. Across the business Cornelian runs £462.4 million.
Back in August, investment director Stephen Hunter left Cornelian for Rathbones’ Edinburgh office.