Intrinsic, the Swindon-headquartered national advisory firm, has appointed Simon Brunt as chief financial officer, IFAonline reports.

Brunt joined Intrinsic in the summer of last year, having previously been finance director at Openwork. He succeeds David Capel after a six-month handover period, the publication said; Capel had served as CFO since Intrinsic was launched eight years ago by 2005 by Lord Leitch, now its chairman, who was the former global chief executive of Zurich Financial Services' life businesses.

Intrinsic had not responded to enquiries from WealthBriefing on the matter at the time of publication.

In other recent changes at the firm, last month Simon Davies, Threadneedle’s former chairman, came on board as a non-executive director.

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

Davies succeeded Paul Manduca, who has been appointed as Prudential’s chairman, and chairs Intrinsic’s investment committee.