Elizabeth Carr-Stevens, Hartmann Capital’s managing director, has left the company amid an overhaul of the fledgling wealth management business’s proposition.
Hartmann chief executive Andrew Fitton confirmed the departure and said the firm – which has derivatives, fund management and fixed income divisions – had decided to reposition its wealth management offering.
Launched over a year ago under Carr-Stevens (pictured), the division offered bespoke portfolio management, targeting clients with £1 million to £10 million in investable assets.
However, under the guidance of non-executive director Roderick Collins, who founded Hasley Investment Management, the group has opted to re-examine its proposition and hire a new and experienced team.
Fitton, who founded hedge fund outfit Gracchi Capital Partners, said a relaunch of its wealth management arm was planned later this year, alongside the hire of a new managing director.
‘We have been actively recruiting experienced relationship managers, changed our offering and the way we administer it using a third party custodian and administrator. We are looking forward to a bolder relaunch,’ he said.
Alex Ford, an investment manager who was brought in by Carr-Stevens from Barclays Wealth, is also leaving the company. In the interim, wealth management clients will be serviced by Hartmann’s investment management division.
Carr-Stevens, a former Wealth Manager cover star, previously headed Cazenove’s Salisbury office and had a stint as head of private clients at Arjent.