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Psion founder backs family office launch

Psion founder backs family office launch

The founder of  Psion, the legendary handheld computer company, has backed a new family office launched in London.

According to the FCA register, Samuel Lloyd Potter and David Edwin Potter – founder and chairman of Psion – have been appointed as partners of Delft Investments.

Psion is best known for inventing the 'The Organiser' (pictured), the world's first volume handheld computer for personal use, back in the 1980s. 

David Edwin Potter was awarded the CBE in 1997 for services to the manufacturing industry and between 2003-09 he was a non-executive director of the Bank of England. 

Sam Potter, who previously worked at HSBC Private Bank, left the finance world in 2007 and is now a producer on documentary and feature films. 

Delft Investments has been set up by Ian Lilley, who co-founded fund management firm Hutchinson Lilley Investments, and previously headed Schroders’ European operations.

The company received its Financial Conduct Authority (FCA) authorisation in April.

Lilley told Wealth Manager that the firm is now operating as a single family office, but he plans to grow the firm and start accepting other families and private clients over the next two years.

To support the expected growth in the client base, he also intends to double the number of employees, which currently stands at four, over the next year.

The firm will be based in West London and is set to take up offices on Welbeck Street towards the end of June.

‘For now, the focus is on getting this company operational, moving into an office and getting everything ship shape. Obviously, we want to have good performance as well, with the prospect of opening ourselves up to outside third party investment sometime in the future,’ said Lilley.

Lilley, who is serving as chief executive of the business, said that the company will focus on building low risk, absolute return, long only portfolios for clients. 

At Hutchinson Lilley Investments, as well as being a co-founder, Lilley was also chief financial officer, risk manager and compliance officer.

Before setting it up he had stints as head of the client service team and head of European operations at Schroder Investment Management.

Prior to joining Schroders in 1996, Lilley worked at Medical Sickness Investments, Rothschilds and Saudi International Bank.

The launch is the latest in a slew of new wealth firms coming to the market recently, notably the LGBT-focused Equality Capital and ex-Towry partner Matthew Pitcher’s Altor Wealth Management.

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