South African-owned group Momentum GIM is to spearhead growth in the UK with the creation of a UK advisory board to scout potential opportunities.

The non-statutory advisory board will ‘act as a strategic think tank’ for new initiatives and help plot an improved distribution strategy on both the retail and institutional sides.

The advisory board includes former Rathbones Unit Trust chief executive Peter Pearson Lund and  Sebastian Dovey, managing partner at wealth management consultancy Scorpio Partnership.

He is joined by former Alexander Forbes group CEO Rael Gordon, corporate finance commentator Rick Abbott and pension fund trustee Steve Delo.

Delo said Momentum was ‘focused on unlocking considerable growth opportunities’, while Lund said the firm was looking forward to developing new solutions.

‘During my long career, the unit trust sector has always welcomed new ideas and participants with something different to offer,’ Lund said in a statement. ‘Along with its parent, and in line with new market trends, Momentum is continuing to develop client centric solutions. I look forward to helping them apply their innovations in the UK market.’