Neptune head of continental European sales Paul Boughton has quit the firm to join boutique Mirabaud Investment Management as joint sales and marketing director.
Boughton joined Neptune in April 2008 from Matrix, where he was head of property sales. He previously worked for Legg Mason and Schroders.
Last week, Money Marketing revealed that Skandia Investment Group head of UK sales Andrew Blair has resigned to join Mirabaud as the other joint sales and marketing director.
Neptune head of institutional business Alistair Wilson has also quit after six years with the firm. He joined Neptune in 2005 from Legal & General Investment Management, where he was business development manager. Neptune’s institutional business team continues to be overseen by sales director Patrick Berton.
A Neptune spokeswoman says: “Boughton’s decision to leave Neptune reflects the tough market conditions in Europe as he is taking a role as director to build a UK retail franchise. We wish him well in this new role. We intend to recruit a European sales head of the right calibre and seniority to spearhead our sales activity in this area.
“Wilson’s career has taken a different direction and he is moving to head the institutional business of a fixed income boutique, with no exposure to equities. Neptune is an equityfocused investment house.”