Investec Wealth & Investment has promoted Carl Cross and Simon Fontes to senior investment directors in the firm’s Liverpool office, elevating them both from the position of investment director.

Cross joined IW&I in 1995 as an equity analyst and has since served within the firm's private discretionary fund management department in Liverpool.

Fontes spent several years in London, where he served as a property advisor at Lambert Smith Hampton, prior to becoming an investment manager at IW&I.

Additionally, IW&I promoted four other employees in its Liverpool office including, Richard France, Angela Taylor and Aled Jones, who have become investment directors, while Greg Sinnott, a specialist in options portfolio management, has been promoted to associate investment director.

Following the integration of Williams de Broë, IW&I now has 950 staff located in its 15 offices across the UK, and more than £22.1 billion (around $34 billion) of client funds under management, as at 31 March 2013.