Former Credit Suisse UK retail sales director Mark Thomas is to join River & Mercantile as a partner and managing director of the retail business.
Thomas' main responsibility will be to develop the firm's retail business including building relationships with intermediaries, distributors and fund platforms.
Further hires on the sales side of the firm are expected.
Other recent recruits to River & Mercantile include fund managers Hugh Sergeant and Richard Staveley from SGAM, Julian Cripps from Barclays, Andrew Bollon from North Lord Street and Adam Hayes Newington, who previously worked at Liontrust with River & Mercantile founder James Barham.
Dan Hanbury, formally the manager of the £106.8m Investec UK Smaller Companies and £30.5m UK Alpha fund, will run a core multi-cap fund for the group. Investec has appointed Philip Rodrigs as Hanbury's replacement on the UK Smaller Companies Fund. Rodrigs has been working on the fund alongside Hanbury since joining the Investec UK Equity team in 2005.
Credit Suisse senior management are looking at replacement options for both Thomas and managing director Ian Chimes, who leaves the firm on Friday.
Chimes' departure coincides with a shake-up that has seen Mark Burgess, until now global head of equities, take on the role of vice-chairman and head of asset management for the EMEA regions. Several broker support team members have also left the company in recent weeks.
Having spent 13 years at Credit Suisse, Chimes said he is not moving on to another position immediately.
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