The latest moves and appointments in wealth management roles in the UK and rest of Europe, Middle East and other select locations.

Sionic 
Global consulting firm Sionic announced this week that Scott Lee has been promoted from partner to managing partner. He has also become co-head of the firm’s wealth management and private banking practice.

The team is based across offices in London, Glasgow, Jersey and Geneva. Lee, who is based in Glasgow, now jointly leads the practice with Geneva-based managing partner Philip Biber, the firm said in a statement.  

Lee has served in senior roles at KPMG, CitiGroup, Genpact, Aviva and Aegon Asset Management, following earlier roles with CSTIM, CMG Admiral and the TSB Group. He also founded the specialist wealth and asset management consulting firm Assiso, the firm added.

Welcoming the promotion, Lee said: “The vision is simple: provide best advice to our clients, deliver complex change and transformation programmes, and recruit the brightest and best.” 

“We also have the tremendous opportunity of working closely with our colleagues at the Davies Group to grow our reach into even more new geographies and client groups,” he continued.

Biber added: “Sionic’s expertise is recognised by our clients, peers, and industry. We are now seeing rising demand for our services from clients across the UK and Channel Islands and in Switzerland.” 

“This is driven by an increasingly broad range of clients keen to take advantage of digital and technological advances, who recognise the need for that to be supported by wealth and private banking specialists who also bring financial crime and compliance, regulatory, legal and organisational change expertise,” he added.

Sionic, which specialises in business and people performance for financial services, has expertise in wealth management, private banking, finance, fund administration, and asset management. Its clients include private banks, private equity, hedge and fund administrators, asset and wealth managers, corporate and investment banks. 

TIME Investments
TIME Investments, which specialises in tax-efficient investment solutions and asset-backed income-producing funds across real estate, infrastructure, renewable energy, and lending, made two new senior hires this week, Raymond Greaves and Andrew Gill, to bolster its investment team.

Greaves, has been appointed head of equity funds at TIME, is joining from finnCap, where he was head of research for over eight years. He has 26 years of investment and research experience at Rothschild, Merrill Lynch, Collins Stewart and finnCap, 17 years of which were specifically focused on AIM, the firm said in a statement. 

At TIME, he will initially manage the market-leading estate planning solution, TIME:AIM, which offers a carefully selected and professionally managed portfolio of Business Relief qualifying AIM companies, providing investors with the opportunity of obtaining 100 per cent exemption from inheritance tax after two years, the firm continued.

Gill is joining as a fund manager for TIME:UK Infrastructure Income and the hybrid structured TIME:Property Long Income & Growth, the firm said. He was formerly at Jefferies where he was an equity research analyst based in London as part of the pan-European real estate team for over seven years, covering UK and European REITs. Prior to that he was an auditor in Financial Services Audit and Assurance at PwC in Guernsey and London, the firm added.

He will manage TIME:UK Infrastructure Income alongside Stephen Daniels, head of investments at TIME. 

He will also manage TIME:Property Long Income & Growth alongside Roger Skeldon. Launched in September 2022, TIME:Property Long Income & Growth is a hybrid property fund which combines a portfolio of primarily UK listed real estate securities and directly held long income properties in defensive and economically sustainable sectors, the firm continued. It is designed to provide retail investors with a consistent and attractive level of income alongside capital growth prospects.

Private Markets Alpha
Private Markets Alpha, a digital marketplace for the alternative investments space, has appointed Rebecca Bonini as operational due diligence and product specialist.

Bonini will work with PM Alpha founder and chief investment officer Alexis Weber and PM Alpha co-founder, chief platform officer and head of operations Chloe Mercer.

Prior to PM Alpha, Bonini was a senior analyst at Akasia Europe, where she performed operational due diligence across European and US-based hedge funds, private debt and private equity funds. In addition, she is a qualified chartered accountant with the Institute of Chartered Accountants in England and Wales.

Starting her career at the CFA Institute, in 2016 Bonini joined Holland Mountain, a specialist consulting firm for the private capital industry. as an analyst. After completing this position, she joined KPMG London as an audit associate within the financial services and banking department.