The wealth and investment arm of London- and Johannesburg-listed Investec has appointed a familiar face to oversee areas such as its private office.

Investec Wealth & Investment has promoted Tom Street to the newly-created position of managing director in the UK. In other moves, Matt Beddall, Carl Cross and Richard Greenhalgh have been appointed as heads of the firm's offices in Sheffield, Liverpool and Manchester, respectively.

Street, who previously led the firm's Sheffield office, will now be responsible for all client-facing areas, including financial planning and private office, as well as for research, investment risk, projects and marketing. He will continue to oversee investment management, reporting to Investec W&I's chief executive, Jonathan Wragg.

Succeeding Street as head of the Sheffield office will be Beddall, a senior investment director. He has worked in the office for more than 15 years, managing funds for the firm on behalf of individuals, trustees, charities and pension funds.

Cross, a senior investment director, has been appointed as head of the Liverpool office, taking over from Jon Seal, who will retire next year. Cross has worked in that office for over 20 years and helped to build its private client discretionary fund management department. As well as managing funds, he chairs the office’s marketing committee.

Lastly, Greenhalgh, a senior investment director who has been with the firm since 2007, will replace Jonathan Quick at the helm of the Manchester office. Quick will retire later this year. Greenhalgh's team also provides discretionary fund management services for a number of financial advisors across the North West. 

“This new structure is an important step forward as it will provide further support for our business as we continue to expand while ensuring that our service to our existing client base is enhanced further,” said Wragg.

“I am also very pleased to be announcing Matt, Carl and Richard as the new heads of our offices in Sheffield, Liverpool and Manchester. All three have already played important roles in expanding our presence in and around these fast-growing cities, and will continue to ensure that we provide clients with the highest level of service.”

Investec Wealth & Investment, which has around £26.54 billion ($36.37 billion) of client funds under management, recently hired Svenja Keller from UBS as financial planning director.