Isle of Man based wealth management firm IOMA Group has added two senior hires in newly created roles, both based in London.

Isle of Man-based wealth management firm IOMA Group has added two senior hires in newly created roles, both based in London.

Karen Barretto joins the group as its new head of technical services and will be responsible for adding to the firm's existing product range.

Debbie Mahanta has been appointed to the group’s business development team and will be responsible for developing its private client network and portfolio of corporate partnerships.

The company said that the appointments came during a period of expansion as the firm entered into a renewed five-year marketing and business development strategy.

Baretto joins from Barclays Private Wealth, where she was head of UK trust sales.

Before this, she spent spent five years with Canada Life as head of the trust and estate planning team and two years as a trust and tax manager with MetLife.

Mahanta has previously worked for UBS Zurich, Goldman Sachs Zurich, Ardel Holdings and St James’s Place in a number of roles, including business development, wealth planning and sales management.