The expansion at Rothschild Asset Management (RAM) is continuing with the recruitment of Cazenove's ...
The expansion at Rothschild Asset Management (RAM) is continuing with the recruitment of Cazenove's Nick Barran to head up private client services, writes Robert Stock.
Barran, who was business development manager for unit trusts at Cazenove, will join RAM on 17 July and be responsible for continuing to build the private client business, including developing intermediary sales links.
The move is the latest in a string of appointments which have followed the arrival of Paul Manduca as chief executive of RAM, and are part of a push to boost both retail and institutional business.
Other recent recruitments include David Kiddie as chief investment officer, David Ballance as head of European equities, and Nick Hodgson as head of retail business.
RAM is also making it clear that more appointments are to be made and is keen to strengthen its US equity team.
The group told Investment Week that it was working towards updating the image of its retail operation.
The rebranding, which will be supported by a national advertising campaign, is almost certain to retain the names Rothschild and Five Arrows. David Orr, head of retail marketing at RAM, said the aim of the exercise is to increase the name recognition among the general public, making it easier for IFAs to sell Five Arrows' products.
Barran's role at Cazenove is to be taken over by Kate Bower, one of the unit trust sales team.
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