Butcher (pictured) will take on a broad role at the boutique, with responsibilities for investment research, portfolio management and business development, with a particular focus on Dart Capital’s proposition for intermediaries.
‘I am absolutely thrilled and delighted to be back in the industry. I missed a lot of characters while I was away and spent time thinking about where in the industry I would fit in going forward,’ Butcher explained.
Having worked at a number of large companies predominantly on the research and portfolio construction side, Butcher felt the time was right to work in a smaller company where he could ‘make an impact from day one’.
He said he was particularly attracted to the proposition at Dart Capital, commenting ‘this company has a very good starting position’, particularly in terms of the strength of existing client relationships and its administration and custody services.
Dart Capital chief executive Richard Whitehead commented: ‘I have known Matthew for a long time and followed his career with interest. We are absolutely delighted he has joined and the whole team is extremely excited. It is great for us and them and fantastic news for our clients.’
Butcher’s hire fits with a firm focus on organic growth. Dart Capital currently has just over £250 million in assets under management.
‘We are not looking to waste a lot of shareholder capital through bolt-on acquisitions of overpriced asset management businesses. We want to grow organically in our time and in our way without huge leverage on the balance sheet,’ Whitehead added.
Butcher left Brewin Dolphin to take some time out of the industry back in October, ending a nine-year spell at the firm. He had powered the firm's research capability and also developed Brewin's Managed Funds Service for advisers during his time at the business.