The UK fund management company has made another addition to its strategic partnerships team.

London-based Octopus Investments has appointed Lotfi Ladjemi as strategic partnerships manager as part of its growth drive in the wealth management market.

The appointment to the newly-created role follows that of Tim Lambert, who joined last month to lead the company's family office strategy.

Ladjemi joins from Draycott Capital, a fund-raising and advisory boutique that he co-founded. He previously spent two years as sales director at Amundi Asset Management, where he was responsible for managing accounts with global financial institutions including UBS and JP Morgan. He has also worked at Citi Private Bank, where he managed relationships with UK family offices and institutional clients.

“We’re absolutely committed to becoming the partner of choice for wealth managers as we see increased demand from high net worths and family offices for tax efficient investments on the back of the latest pension reforms,” said Octopus's head of wealth management, Steve Skelding. 

“Lotfi brings in-depth knowledge of the wealth management industry and has a strong understanding of investors’ needs, both of which will prove invaluable as we work more closely with the wealth management community.”

Octopus, which operates in several sectors including healthcare, energy and smaller company investing, currently manages more than £5.5 billion ($8.3 billion) of funds on behalf of 50,000 investors.