Psigma Investment Management has appointed Frank McGarry as director of business development and marketing.

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In his new role, McGarry will report to the firm’s CEO John Howard-Smith.

McGarry joins from Legal & General Investments where he was a sales director focusing on intermediated routes to market.

Prior to this, he was the director of intermediary distribution at Insight Investments and the sales director at Cofunds.

Howard-Smith said his appointment is part of the firm’s ambitious growth phase focusing on the intermediary marketplace.

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‘This is a further sign of our commitment to the intermediary having just slashed in half the annual management charge and minimum investment on our Managed Portfolio Service,’ he said in a statement.