People Moves
Investec Wealth & Investment Hires Four Ex-Deutsche Men In Edinburgh
Investec Wealth and Investment is expanding its Edinburgh-based team with the appointment of four senior investment professionals: Grant Milne, Gordon McAndrew, David Henderson and Ian Smith.
Milne will join IW&I’s Edinburgh office in September 2013, while Henderson and Smith will join the firm in November 2013. McAndrew joins the team early next year.
Milne, with more than 20 years’ experience of working in the UK private client investment industry, most recently served as managing director of Deutsche Asset & Wealth Management’s Edinburgh office, and a board member of its UK business. At DAWM, Milne was responsible for the management of over £150 million (around $234 million) of assets on behalf of private individuals, trusts, charities and corporate pension funds.
McAndrew also joins IW&I from DAWM, where he has headed the firm’s discretionary management team in Edinburgh and has sat on its UK investment committee. With over 16 years’ experience in the wealth management industry, McAndrew specialises in managing portfolios for individuals, trusts, charities and pension funds.
Henderson, who began his career at Robert Fleming, joined Tilney Investment Management (now DAWM) in 1992 and has been an investment director in DAWM’s Edinburgh office for 10 years. His responsibilities include managing a wide range of charity accounts, private client portfolios and trusts.
Smith has been an investment director at DAWM for eight years, responsible for the management of a wide range of private client portfolios including SIPPs, trusts and charities. He started his career at Wood Mackenzie & Co in 1983, joining Edinburgh Fund Managers in 2003.
These new appointments mark the latest stage in the expansion of IW&I in Scotland. In December 2012 IW&I completed the integration of Williams de Broe and this significantly increased the size of the firm’s Scottish investment team and assets under management. At this time IW&I relocated to larger offices in Lauriston Place, Quartermile One, Edinburgh, in anticipation of continued growth, the firm said in a statement.
