Change At The Top Of Quilter Cheviot's Edinburgh Office

Julia Reinholdsson

17 July 2015

The head of the Edinburgh office at UK-based Quilter Cheviot Investment Management will step down and his deputy will take up the leadership reins in a planned succession, the firm announced yesterday.

Alan Aitchison will remain with the business as he steps back from his role as head of the Edinburgh office for Quilter Cheviot. Mark Hallam, the second-in-command, will take over and gain overall responsibility for the management of the office.

Hallam is a fellow of the Chartered Institute for Securities and Investment and has more than 26 years’ experience in the wealth management industry. Hallam and Aitchison have been colleagues for 20 years, having worked together for Edinburgh FundManagers and Deutsche Bank before joining Quilter Cheviot in 2011.

“Having established our office in Edinburgh, the time is right to hand over responsibility for the next phase of our growth to Mark, who will bring his own ideas and expertise to the leadership role,” Aitchison said.

“I am looking forward to continuing to work alongside Alan, building on our achievements of the last four years. Under his direction, the Edinburgh office of Quilter Cheviot has established an enviable reputation for independent thinking, performance excellence and commitment to client service,” Hallam said.

“Continuity of thinking, service and relationships is critically important for our clients. Mark’s appointment, with Alan working by his side, will ensure a seamless transition as we continue to grow and develop our office in Edinburgh,” said the head of regions for Quilter Cheviot, Richard Thorn.

Earlier this month Quilter Cheviot announced a number of promotions across the firm, including David Loudon to head of investment management. This followed its acquisition by Old Mutual Wealth, which was announced at the start of the year.

Quilter Cheviot operates across 12 locations in the UK, Ireland and the Channel Islands; its Edinburgh office has had the best performance from year-end 2013. The firm has £17.2 billion of funds under management. Old Mutual Wealth has around £100 billion of private client funds under management.