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Rathbones opens Newcastle office with former UBS team

Rathbones opens Newcastle office with former UBS team

Rathbone Investment Management has expanded into the north east with the opening of a Newcastle office.

As revealed by Wealth Manager, Rathbones poached a team of four investment managers from UBS last autumn.

Branch manager Nick Swales, director James Garbutt and client adviser James Kyle left UBS to help Rathbones set up its inaugural north east office.

The four are joined by Neil Minto, who worked as an investment assistant at UBS in Newcastle and Christoph Atkins, who previously worked at another Rathbones branch. The team will also have capacity for financial planning, as they are joined by IFA Kirstie McKeown from Lloyds TSB.

The news comes as Rathbones prepares to open an office in Lymington, also revealed by Wealth Manager.

In what has been a busy period for the private client stockbroker, it also recently bought up a significant stake in south-westerly IFA Vision Independent Financial Planning. Investment management head Paul Chavasse explained the move was part of  Rathbones is planning to broaden its reach across the country.

Andrew Morris, Rathbones’ regional director for the north of England said the area was ‘incredibly important’ to the firm’s strategy but that it was essential to have a team on the ground in the area.

‘This new office demonstrates our commitment to delivering investment expertise supported by the highest levels of personalised client service,’ he said.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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