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.

Psigma hires Rathbone's Wishart to lead Scottish launch

Psigma hires Rathbone's Wishart to lead Scottish launch

Rathbones investment director Tim Wishart is to launch a Scottish proposition for Psigma Investment Management, Wealth Manager can reveal.

The office, based in Edinburgh, comes hot on the heels of Psigma’s launch in Birmingham last year, for which it hired Charles Stanley's Birimngham office head Toby Carpenter.   

Wishart has more than 24 years’ private client investment management experience, 12 of which were spent at Rathbones. He initially started out in the firm’s London office before making the switch to Edinburgh in 2007.

At Psigma he will manage private client, charity and pension portfolios.

Psigma Investment Management chief executive John Howard-Smith (pictured) believes his firm has the potential to stand out in what is one of the most competitive UK wealth management regions.

‘Scotland offers excellent growth potential for our ambitious growth plans,’ he said. 

‘This latest regional expansion further leverages our ability to share the intellectual capital and expertise of the Punter Southall Group which now has 21 Scottish based wealth management specialists.’

He also expects Wishart’s network of contacts to pay off. ‘His [Wishart’s] wealth of experience and contacts will be highly valuable to the firm, especially as we build our presence in Scotland, which we see as being another very important cornerstone of our plans for regional expansion.'

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 JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter