Up until July of this year Allpress was head of retail distribution at Old Mutual Asset Management, where he was responsible for the UK retail IFA, discretionary sales, strategic relationship and retail broker support teams. Prior to joining Old Mutual in 2008, he had been sales director at BNY Mellon Asset Management, a firm which he joined in 1997 before going on to be appointed to its board in 2000.

Liontrust is convinced that it is well positioned for a continued increase in retail sales and in August launched a campaign to raise the profile of the company and widen its distribution across the intermediary market. The campaign – which will include advertising, a new website, a rebranding of its literature and a programme of sales presentations and seminars across the UK - will initially focus on Liontrust’s flagship fund, the Liontrust First Income Fund, which yielded 5.65 per cent for the year to the end of June 2010 and is managed by Gary West and James Inglis-Jones.