The UK private bank, which has two branches in London, has appointed a new chief investment officer from within its ranks.

London-based C Hoare & Co has appointed Rob Jeffree as its new chief investment officer.

Jeffree, who joined the bank in 2009 to head up its research function and lead third party funds, will succeed David Cavaye. He was most recently head of fund selection.

Cavaye, who has been with the bank since 2000, will move back to Edinburgh to “dedicate more time to his outside interests and develop his portfolio of non-executive and consultancy roles”.

“We wish David Cavaye every success in the next phase of his career and we are delighted to have such a strong successor in Rob Jeffree,” said C Hoare & Co's acting chief executive, David Green.