The latest wealth management moves and appointments in the UK, rest of Europe, the Middle East, and select international jurisdictions.

Ocorian
Ocorian, which provides corporate and fiduciary services, fund administration and capital market services, has appointed London-based Ricky Popat as business development director, regulatory, compliance and legal. 

Newgate, which is Ocorian’s regulatory services arm, supports asset managers, brokers, corporate financiers and corporate entities with regulatory authorisation applications, implementation of compliance and governance structures, regulatory and compliance training, and financial crime risk mitigation. 

Popat will work with Newgate as part of Ocorian’s commercial function led by chief commercial officer, Simon Behan. 

Wealth Club
Wealth Club, a UK broker for high net worth individuals and investors, has appointed Charlie Huggins as head of equities. 

Huggins will be responsible for the roll out of a new discretionary share portfolio service, which is due to be launched at the end of 2022, the firm said in a statement. 

Huggins is joining from Hargreaves Lansdown where he worked for more than 10 years, including five years as a fund manager overseeing around £500 million ($626 million) of assets. He was lead manager on the HL Select UK Growth Shares Fund and co-manager on HL Select UK Income Shares. Prior to managing funds, Huggins worked as a fund research analyst. 

His investment philosophy is to own quality businesses with high barriers to entry, high returns on capital, strong balance sheets, healthy margins and prodigious cash generation, the firm said.

Outlining how the new service will work, Huggins said: “The portfolio will be highly concentrated. I’m looking for 15 to 20 companies with great business models and cultures, where I have a high degree of confidence in the long-term prospects. I’ll then invest my own and our founder’s money alongside clients.”