Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Investec Wealth poaches Deutsche's Edinburgh head in quadruple hire

Investec Wealth poaches Deutsche's Edinburgh head in quadruple hire

Investec Wealth & Investment has bolstered its Edinburgh team with a quadruple string of senior hires from Deutsche Asset & Wealth Management, including its office head Grant Milne.

Milne is set to join the team in September and was formerly managing director of Deutsche's Edinburgh office and a board member of the UK business. He personally managed £150 million in assets at the firm.

He will be joined by Gordon McAndrew, head of Deutsche's Edinburgh-based discretionary management team. He formerly sat on Deutsche's UK investment committee and has over 16 years' experience in wealth management.

David Henderson also joins after a 10-year spell in Deutsche's Edinburgh office. He began his career at Robert Fleming and joined Tilney Investment Management in 1992, alongside Ian Smith, who spent the past eight years in the Deutsche Edinburgh hub, where he oversaw a wide range of private client portfolios including Sipps, trusts and charities. He started his career at Wood Mackenzie & Co in 1983, joining Edinburgh Fund Managers in 2003. 

Investec said the string of hires marked the latest expansion stage for the firm in Scotland, following the integration of the Williams de Broe team back in late 2012.

Murray Mackay (pictured), a divisional director in Edinburgh, added: 'We are tremendously pleased to welcome four exceptional wealth management professionals to our Edinburgh office. They bring with them substantial experience in managing portfolios on behalf of private clients, charities, trusts and pension funds. 

'Working closely with our existing team, they will play an important role in expanding our presence in Edinburgh and throughout Scotland.'

The raft of departures from Deutsche follows the news, revealed by Wealth Manager, that its regional network of private client offices, which came over when it acquired Tilney in 2006, are up for sale. The first bids for the former Tilney business are due in on 2 September.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Taxicab Tenner: AXA IM's Nicolas Trindade

Taxicab Tenner: AXA IM's Nicolas Trindade

After a summer break, it is the turn of AXA Investment Manager's Nicolas Trindade to give a £10 view of how fixed income is faring.

Play Wealth Manager Olympics: the Relay

Wealth Manager Olympics: the Relay

In the final round of the Wealth Manager Olympics, our intrepid athletes team up for the relay.

Play Wealth Manager Olympics: the Shot Put

Wealth Manager Olympics: the Shot Put

After busting a gut in the 100m sprint, our wealth manager Olympians displayed their brute strength in the shot-put.

Read More
Your Business: Cover Star Club

Profile: gearing up for the shift from consolidation to start-ups

Profile: gearing up for the shift from consolidation to start-ups

‘I think the industry is evolving rapidly, but not necessarily as a whole,’ says the head of recently launched Charles Nicholson AM

Wealth Manager on Twitter