Kypros Charalambous, whose departure from Deutsche Bank Private Wealth Management emerged last month, has resurfaced at London boutique Tacit Investment Management.

Charalambous had been head of discretionary management for the Midlands region of the UK at Deutsche, having previously worked for Gerrard Investment Management.

Charalambous, who is now managing partner at Tacit, has been reunited with Raj Basra, who was an investment director at Deutsche Private Wealth Management, and Roy Swain, who headed the London intermediaries group at the German giant.

Tacit hopes that Charalambous’ Midlands network will help the firm build a regional book of business and it is also looking to partner with regional IFAs in the run-up to the implementation of the regulator’s Retail Distribution reforms at the start of next year.

Tacit was founded in 2010 by Basra, Swain and Peter Bickley, who had also worked for Deutsche as chief strategist for the UK. Tacit is a subsidiary of US firm Raymond James Financial.