London-headquartered Psigma Investment Management, part of the Punter Southall Group, has appointed Tim Wishart to lead the firm’s expansion in Scotland as part of its strategic growth initiative.

London-headquartered Psigma Investment Management, part of the Punter Southall Group, has appointed Tim Wishart to lead the firm’s expansion in Scotland as part of its strategic growth initiative.

The new office is based in Edinburgh and follows the opening of the firm's first regional office in Birmingham last year, headed by Toby Carpenter. Wishart will be responsible for private client, charity and pension portfolios.

He joins from Rathbones, where he spent 12 years. Initially, he worked in their London office before transferring to Edinburgh in 2007.

Wishart began his career in 1990 at James Capel, where he worked for 12 years managing private client portfolios, personal pension plans, trusts and charities.

“Scotland offers excellent growth potential for our ambitious growth plans and closely follows the opening of our Birmingham office last year. This latest regional expansion further leverages our ability to share the intellectual capital and expertise of the Punter Southall Group, which now has 21 Scottish based wealth management specialists," said John Howard-Smith, chief executive of Psigma Investment Management.

Psigma Investment Management had assets under management of £2.1 billion ($3.45 billion) as at December 2013.