HSBC Global Asset Management’s (GAM) regional head for London, Tim Shaw, has joined Rathbone Brothers as an investment director.
A former officer in the Royal Navy, Shaw began his 16 year career in financial services in 2002 as an investment advisor at Charles Stanley.
He then moved on to Killik & Co in 2006 as a private client broker, before joining HSBC GAM in 2011, where he was most recently senior wealth manager and regional head for London.
Rathbones declined to comment on the hire.
Shaw’s appointment follows the promotion of Paul Stockton, formerly Rathbones Brothers' finance chief, to the newly created role of managing director of Rathbone Investment Management (RIM).
Earlier this month, Rathbones reported that its assets under management fell by 3.3% to £37.7 billion in the frist quarter, despite posting net inflows of £341 million.