Discretionary fund manager (DFM) Quilter Cheviot has appointed Nick Holmes as managing director.
In his new role at the DFM, Holmes (pictured) will support Quilter Cheviot's ongoing growth strategy and help to drive several new initiatives.
Before joining Quilter Chevoit, Holmes spent his entire career at Brooks Macdonald where he started as a trainee investment manager more than two decades ago, before working his way up to managing director.
Quilter Cheviot has hired 14 investment managers across its 10 offices this year. In May, it appointed four investment managers, including another former Brooks Macdonald employee.
The appointment also marked the second director to leave Brooks Macdonald in a week. On Tuesday (13 August), Close Brothers Asset Management appointed Brooks Macdonald investment management director Alastair Wilson as managing director in its Edinburgh office.
Quilter Cheviot executive Andrew McGlone said: "I am delighted to welcome Nick to our business as we share a similar vision of the opportunities and challenges our industry faces.
"During his time at Brooks MacDonald, Nick led the business through a number of milestones and I very much look forward to seeing him achieve similar success here at Quilter Cheviot."
Holmes, meanwhile, said he was delighted to have joined the DFM: "The firm is clearly on a growth trajectory, so it is an exciting time to come on board and I am really looking forward to contributing to its future success and working with its talented individuals to deliver the best possible service to its clients and intermediary supporters."
400 people shown interest in IFW
320 could be affected
Boosts firms North East presence
Combined £7bn under management
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