WH Ireland is increasing its investment manager headcount by 10% after a double swoop on Canaccord Genuity and Charles Stanley, which will see the firm open a new regional office in Milton Keynes.
The stockbroker is hiring a three-strong team from Charles Stanley’s Milton Keynes branch, including office head Paul Wilson.
Wilson joined Charles Stanley in 1999 as a stockbroker and replaced Michael MacDougall as branch manager in October last year after the latter retired.
He joins WH Ireland’s new office as an investment director. His colleagues Nicholas Fox and Robin Innes-Kerr, both investments managers, will move over when their notice periods finish.
The trio will continue running discretionary and advisory funds when the office is opened in September.
Additionally, a four-strong team is joining WH Ireland from Canaccord Genuity’s London office. Vincent Ferguson, Martin Guilbert and Turon Miah are joining as investment directors, along with associate director Andrew Little, who will join the London office after serving his notice period.
The hiring of the two teams will result in a 10% increase in WH Ireland’s investment manager headcount, which is now up to 70.
‘These appointments are evidence of our growth initiatives to extend our capabilities and selectively add high quality individuals and new offices, following the successful opening of our Isle of Man office earlier in 2014,’ WH Ireland chief executive Richard Killingbeck (pictured) told Wealth Manager.
The hires are expected to assist in growing the group’s £2.5 billion of assets under management.
Meanwhile, Charles Stanley said Paul Neanor remains at its Milton Keynes branch and will take over the day-to-day running of the office.
It is understood he will be joined by other Charles Stanley staff who will move over from the group’s Cambridge, London or Midland branches.
‘Seeing as it’s only three of the investment managers leaving, we would expect to retain a significant portion of the business and we will concentrate on the clients as they go on their gardening leave,’ a spokesperson for the firm told Wealth Manager.