Mark Harries, former head of manager selection at Aberdeen Asset Management, has joined investment management firm Ravenscroft as head of investment management in the UK.
Harries (pictured) left Aberdeen last year, having taken on the role of head of manager selection, along with Simon Wood, in July 2014, after Aberdeen acquired his previous employer, Scottish Widows Investment Partnership (SWIP).
Prior to Aberdeen AM, Harries held a number of senior roles, including multi-manager head at Scottish Widows Investment Partnership, director and multi-manager head at Cazenove Capital and head of asset management at Prudential-Bache International Bank.
In his new role, he will be responsible for growing the firm's presence in the UK as it prepares to launch an onshore version of Ravenscroft's range of funds.
Ravenscroft, originally named Cenkos Channel Islands, was founded in Guernsey by Jon Ravenscroft in 2005 as the offshore private client focussed subsidiary of Cenkos Securities, itself founded by Ravenscroft chairman Andy Stewart.
One of the firm's non-executive directors and largest shareholder is Hargreaves Lansdown founder Stephen Lansdown, who last year trebled his shareholding in the firm.
Harries will work for Peterborough-based stockbroker and investment manager Vartan Ravenscroft, which is part of the Guernsey-headquartered business.
He said: "Ravenscroft prides itself on offering first class advisory, execution and discretionary services, which include managed funds and a discretionary portfolio management service.
"My new role will see me directly involved in research, portfolio management and also seeking strategic partners in the UK to help us develop and grow our UK operations.
"Ravenscroft exudes an entrepreneurial spirit and it is this that presents such an appealing opportunity as we look to grow the business."
Stephen Lansdown, non-executive director of Ravenscroft and founder of Hargreaves Lansdown, commented: "Mark has extensive experience of the wealth management industry from his previous posts at Cazenove Capital Management, Scottish Widows Investment Partnership and, most recently, as head of manager selection at Aberdeen Asset Management.
"His expertise in this area will be invaluable to the group as we look to grow our brand and business in the UK.
"We are very pleased to welcome Mark and feel that his entrepreneurial mind-set will fit well with the existing team."
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