View more on these topics

PSigma Investment Management adds Quilter trio to private client business

PSigma Investment Management, the bespoke private client investment management specialist, has appointment a trio of fund managers from Citigroup Quilter as part of its continued drive into the private client market.

Mark Chetwood, Julian Key and Chris Catchpole will all join PSigma in the summer. Chetwood joined Quilters in 1990 from Credit Suisse Asset Management where he worked with many of the PSigma team in the 1980s. Key joined Quilters in 1985 and Chris Catchpole, who is the son of Barrie Catchpole, managing director of Quilters until 2003, has worked with the pair since 2001.

PSigma Investment Management managing director John Howard-Smith says:
“I am delighted that Mark, Julian and Chris are joining us which will bring the total number of fund managers in the team to nineteen. Our private client business has nearly doubled in size to over £600m during the last fifteen months and, following the successful launch last month of the PSigma Income Fund – which has now raised over £150m – by our sister company PSigma Asset Management , our short term target to achieve £1bn of assets under management is likely to be achieved rather sooner than I expected.”

Recommended

Aegon looks for wider margins

Aegon UK says it plans to diversify into highermargin products and add scale by penetrating new distribution channels. It says it is currently ahead of its 2010 target plans to achieve a value of new business margin of at least 20 per cent and an overall market share in life and pensions of at least […]

‘Life offices created the savings gap’

Financial advisers that rely wholly on group personal pension business might as well sell up now because of the threat posed by personal accounts, according to Syndaxi Financial Planning managing director Robert Reid.At a panel debate at the Money Marketing Retirement Summit in Nice this week on the impact of personal accounts on the group […]

Skandia warns that full wrap launch will fail

Companies trying to launch straight to the market with a full wrap proposition will fail, says Skandia UK chief executive Brett Williams.He told the conference that the firm’s decision to create a fund supermarket offering out of the merged platforms of Skandia Multifunds and Selestia businesses rather than a wrap reflected the fact that the […]

Over half of advisers confused on Sipps

Over half of advisers are confused about the effects of recent Sipp regulation, according to research from Merchant Investors.Of the financial advisers polled in the weeks after regulation began on April 6, 58 per cent say they felt in the dark about the regulatory changes.Confusion over which Sipp products and providers are now subject to […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment