Former Williams de Broë CEO Philip Howell is to join Rathbones as deputy chief executive as the group looks forward to 2013 with "more optimism".
Howell, who stepped down as Williams de Broë chief executive in May of last year after two years in charge, will join Rathbone Brothers on 4 March, reporting directly to CEO Andy Pomfret.
Howell will also join the group's executive committee, as will Mike Webb, chief executive of Rathbones' unit trust business.
Reporting annual results for the year to 31 December, Rathbones said pre-tax profit was flat at £38.8m, compared with £39.2m in 2011.
On a basic earnings per share basis, profits were up 0.4% to 67p in 2012, the group added. Funds under management (FUM), meanwhile, rose 13.4% to £18bn.
FUM in the investment management business rose from £14.8bn to £16.7bn over the year, with Rathbone Unit Trust Management (RUTM) seeing FUM rise from £1.1bn to £1.3bn over the same period.
Net inflows at RUTM were £66m, compared with £97m in 2011.
"Rathbones looks forward to 2013 with more optimism although markets do remain fragile as governments, particularly in the US, the UK and the eurozone, battle with difficult economic and financial conditions," Pomfret said.
The CEO added the group remains "well placed" to make acquisitions if need be, but emphasised wider markets are "likely to remain volatile for some time to come".
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