UK wealth manager hires two after departures
Cheviot Asset Management, the UK start-up asset manager, has reshuffled its senior management after losing two recently appointed partners and taking on two more at the firm.
The two-year old wealth manager founded by Michael Kerr-Dineen, former senior UBS private banker, has hired two new partners.
Clive Richardson joined earlier this month from Alliance Bernstein where he was a vice president. He will be focussing on the entrepreneurial and high net worth side.
Ned Naylor-Leyland joined from asset manager Smith & Williamson earlier this year and is currently setting up a precious metals and natural resources fund.
Managing directors David Weller and Gregory Thomson have both left Cheviot after joining the firm in February.
Weller joined from Royal Bank of Canada with 18 years investment experience, including 11 years at Merrill Lynch.
Thompson also joined from RBC, having previously worked at Merrills.
Kerr-Dineen said Cheviot are in the process of hiring another partner.
The asset manager currently has about 110 staff based in London, and said it had inflows of about £400m in net new assets this year.
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