Vestra founder David Scott is looking for a new managing partner after the sudden departure of David Campbell.
Campbell, who was previously Deutsche’s former head of UK private wealth management, left his role as managing partner to join the boutique in June 2012.
He had been set to take over the day-to-day running of the company from Scott (pictured), who was planning to devote more time to focusing on growth opportunities. The reasons for Campbell’s departure are not known.
Scott said he is keen to find an individual who shares the firm’s culture and vision.
‘We always had a view to getting someone in to try and help me run the business, and do more of the day-to-day stuff, so we are looking to see if that person is out there,’ Scott told Wealth Manager. ‘It has got to be the right person who believes in our strategy and view, and implements it. We have got a clear view of where we want to go.’
Vestra posted a £5.1 million profit over the financial year ended in April 2012, equating to a near threefold rise over the 12 months, with assets up £400 million over the same period to £2.6 billion.