Peter Letley, appointed interim chief executive officer of Nottingham-based investment boutique T Bailey earlier this year, has taken up the position on a permanent basis.

Mr Letley has held high-profile roles in financial organisations including the HSBC group during his career. He took over as interim CEO from Jason Britton in July 2009, when Mr Britton became the new chief investment officer on Richard Martin’s retirement from day-to-day involvement with the business.

The firm has also been strengthening its team in other areas, with new sales appointments due to be announced shortly.

T Bailey is an independent investment boutique specialising in multi-manager funds of funds. It was established in 1999 by the Forman Hardy family, one-time owners of the Nottingham Evening Post, after family members became disillusioned with traditional private client stockbrokers. Its services became available to the general market in 2004, but the Forman Hardy family’s money, along with that of many of the T Bailey team, remains in the company’s funds.