PSigma Investment Management has bolstered its private-client offering with the appointment of three managers from Citigroup Quilter.
Mark Chetwood, Julian Key and Chris Catchpole are set to join in the summer, bringing the total number of managers to 19.
Chetwood is the latest former Credit Suisse employee to join PSigma, having worked there before joining Quilter in 1990. Key joined Quilter in 1985 while Catchpole, who is the son of former Quilter managing director Barrie Catchpole, has worked with the pair for the past six years.
PSigma Investment Management jumped into the public spotlight earlier this year when it formed sister company PSigma Asset Management, a 50/50 joint venture between Punter Southall Group and founding partners Bill Mott, Graham Fuller and Ian Chimes. The new boutique launched its first fund in March – an equity income vehicle under the management of Mott.
Managing director John Howard-Smith says: “Our private-client business has nearly doubled in size to over 600m in the last 15 months and following the launch last month of the PSigma income fund, which has now raised over 150m, our short-term target to achieve 1bn of assets under management is likely to be achieved rather sooner than expected.”