Intrinsic, the Swindon-headquartered national advisory firm, has appointed Simon Davies, Threadneedle’s former chairman, as a non-executive director.

Davies was chairman of Threadneedle Investments up until his retirement this summer. He had been with the asset manager since 1995, when he joined as chief investment officer.

Davies succeeds Paul Manduca, who has been appointed as Prudential’s chairman, and will chair Intrinsic’s investment committee.

Intrinsic was launched in 2005 by Lord Leitch, now its chairman, who was the former global chief executive of Zurich Financial Services' life businesses.