Caerus group has appointed a new managing director, while signing a new deal with Parmenion to manage its portfolios.
At its annual conference last week, the group announced that Andy Ferns, a co-founder of the group and former Openwork sales director, has taken on the role of managing director.
They also outlined a further three year partnership with Parmenion, which will see it provide discretionary investment management, administration and custody services to Caerus Portfolio Management (CPM), the investment management arm of the Caerus group.
The new ‘Caerus Select' proposition features a range of active, passive, income and ethical portfolios, which will be consistently managed over a range of ten risk grades.
The two firms have already worked together for two years during which Parmenion took under management more than £150m on behalf of Caerus clients.
Caerus Capital group chief executive Keith Carby said: "We are pleased to have developed with Parmenion such an extensive new range of portfolio options on behalf of our clients.
"The new portfolios will be consistently managed over a range of ten risk grades, so clients can be confident that their investment strategy matches their individual attitudes to investment and capacity for risk."
As part of a number of key announcements made at the conference, Caerus Capital group investment director Ronan Kearney also revealed he was stepping down.
Carby said: "Ronan was one of the architects of Caerus and he has played a key role in our development to date.
"We are very grateful for all Ronan has done for Caerus and wish him every success for the future."
Caerus Capital group was established in 2010 to combine fund management with advice for the benefit of both advisers and consumers.
The group comprises companies offering specific financial services to adviser firms and, via those firms, to consumers.
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