Three seasoned wealth managers have left Rathbones to reunite with a former investment director at Close Brothers Asset Management.
According to the Financial Conduct Authority register, Hugh Adlington, Andrew Hess and Andrew Mackintosh-Walker have now left Rathbones.
Between them, the trio had spent more than 50 years at the firm. Hess and Adlington both served as investment directors at its London headquarters, joining the business in December 2000 and February 2001 respectively, according to their LinkedIn profiles.
Wealth Manager understands the trio will be teaming up with former Rathbones investment director Tim Eliot-Cohen (pictured), who defected to Close at the end of last year to run its bespoke high net worth business and launch a new office in London’s west end.
Adlington, who previously chaired Rathbones’ asset allocation committee, joined the firm initially from Robert Fleming.
In 2012 he made the final cut in Wealth Manager’s survey on the Top 30 wealth managers in London.
Both Adlington and Hess managed a range of discretionary portfolios for private clients, including pensions, trusts and charities, with the latter also managing investments for City livery companies.
Meanwhile, Mackintosh-Walker was deputy head of Rathbones’ Edinburgh arm, joining the business in August 2000 from Merrill Lynch Private Client Group. He also managed a wide range of discretionary portfolios and was a member of Rathbones’ stewardship committee.
Neither Rathbones nor Close would comment on the hires.