Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Fyshe Horton Finney scales back Leeds investment team

Midlands-based private client stockbroker Fyshe Horton Finney has made an investment manager redundant and further departures are expected at its Leeds office, Wealth Manager understands.

Investment manager Robin Webb is to leave the firm. Prior to joining Fyshe Horton Finney, he had been employed by WH Ireland, Investec Wealth & Investment and Rensburg Investment Management.

The move is part of a wider strategy to pare back its Leeds office and focus the business on the Birmingham branch, in contrast to Brewin Dolphin, which is expanding in the city.

Fyshe Horton Finney suffered operating losses of £996,942 in 2010, having minimised more significant losses of £1,836,150 in 2009.

The group is not the only regional private client stockbroker under pressure. James Brearley & Sons has suffered a string of departures after closing its Leeds and Stockport offices. Aubrey Brocklebank, who was an investment manager at the firm’s Leeds office, was the latest to leave, and has joined Verdes Management.

Over the past month, James Brearley has seen the departures of both its Kendal office head and the head of its branch network.

Fyshe Horton Finney declined to comment.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter