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.

Quilter Cheviot sees Leeds and Newcastle opportunity

Quilter Cheviot sees Leeds and Newcastle opportunity

Quilter Cheviot chief executive Martin Baines (pictured) has said the firm has ‘genuine scope’ for regional expansion, and is looking into opening offices in Newcastle and Leeds.

‘There are some obvious gaps in the regional network. We don’t have an office in Newcastle and we do not have an office in Leeds at the moment, so there are a couple of large examples there,’ he said.

‘We have got spare capacity to build out around the existing infrastructure, so we have spare capacity in most regional offices to continue the growth.’

‘We have got genuine scope for expansion in the regions, it’s a core part of what we do.’

The merger of Quilter with Cheviot Asset Management at the start of 2013 helped assets under management grow to £15.8 billion at the end of June this year, almost double the £8.2 billion run by Quilter when the deal was agreed in November 2012.

The enlarged firm currently operates in 13 locations across the UK, Jersey and Ireland, and Baines highlights the success of the Salisbury office, which was opened in 2010.

‘Where we have opened in places like Salisbury we have been very successful,’ he said.

‘Salisbury has been one of the fastest growing parts of the business so it shows if you find good people, a good location and good geographic coverage it can be a success as well as just the larger cities.’

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
CIO Tapes 2: two warnings and a lot of optimism

CIO Tapes 2: two warnings and a lot of optimism

Our group of leading asset management CIOs see a lot of opportunities – and overseas investors are buying UK too

Play Wealth Manager Retreat 2017: size isn't everything

Wealth Manager Retreat 2017: size isn't everything

We asked our delegates at the Wealth Manager Retreat what they think about the recent wave of consolidation in the industry.

1 Comment Play CIO Tapes - part 3: 'passive funds are anti-capitalist'

CIO Tapes - part 3: 'passive funds are anti-capitalist'

Citywire recently gathered three of the UK's leading fund investment heads to discuss their hopes, fears and the issues that their jobs throw at them daily.

Read More
Your Business: Cover Star Club

Profile: Thomas Miller explains its post-restructure plans

Profile: Thomas Miller explains its post-restructure plans

Thomas Miller Investment’s (TMI) head of wealth Matt Phillips has strong opinions about many things

Wealth Manager on Twitter