Psigma Investment Management has hired Rathbones investment director Tim Wishart to lead its expansion in Scotland.
Wishart's work will begin with the opening of an office in Edinburgh and he will manage private client, charity and pension portfolios.
He previously spent 12 years at Rathbones working as an investment director in London and later in Edinburgh. Prior to this he worked at James Capel for 12 years.
Psigma's Edinburgh move follows the opening of a Birmingham office last February.
John Howard-Smith, chief executive of Psigma IM, said: "This latest regional expansion further leverages our ability to share the intellectual capital and expertise of the Punter Southall Group which now has 21 Scottish based wealth management specialists.
"As part of this growth strategy, we are very pleased to welcome Tim to Psigma. His wealth of experience and contacts will be highly valuable to the firm, especially as we build our presence in Scotland which we see as being another very important cornerstone of our plans for regional expansion."
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Ceremony will take place 13 November