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.

Rathbones raids three rivals for quadruple hire

Rathbones raids three rivals for quadruple hire

Rathbone Investment Management has completed a four-strong hiring spree from rivals Brewin Dolphin, Newton Investment Management and Turcan Connell.

The private client investment manager, which has been particularly active on the recruitment front over the past six months, has hired Tony Milner and Caroline O’Callaghan from Brewin’s Lymington office. Both were divisional directors at the firm, having worked at the company for over 10 years.

A spokesperson for Brewin Dolphin said Rob Carroll, head of the Lymington office, and investment manager Hannah Knight would take over the responsibilities of the two managers.

Rathbones has also sought to boost its London team with the hire of James Neill from Newton Investment Management, where he was an associate director. His hire follows that of Peter Anwyl-Harris, who joined Rathbones last year from Newton.

Neill is set to join as an investment director and will report to Richard Smeeton, who heads Rathbones’ London office. His departure follows a period of upheaval at Newton, marked by the recent departure of CIO Philip Collins and Simon Pryke stepping back as head of the private client business to take on the role of CIO. Pryke has been replaced by Caroline Tye as head of private clients.

Rathbones is also expanding its Edinburgh team with the hire of Evangelos Assimakos from Turcan Connell.

Assimakos, who was featured in Citywire’s Top 30 under 30 wealth managers last year, will report to David Macauley, head of the Edinburgh office.

His hire follows that Keith Mackenzie from Williams de Broë’s Edinburgh team.

Over the year to the end of December, Rathbones’ private client division saw assets under management rise from £14.59 billion to £14.76 billion, with organic net inflows rising from £1.46 billion to £1.66 billion. Underlying net operating income also rose by 13% to £135.1 million over the 12 month period.

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 HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: how to control your destiny in an age of regulation

Profile: how to control your destiny in an age of regulation

‘RDR was good news to us because it aligned our practices with the industry,’ says Courtiers boss Jamie Shepperd

Wealth Manager on Twitter