Hargreave Hale, a UK based stockbroking and investment management firm, has hired David Clinkard as new head for its recently-opened York office.

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Clinkard has been hired to cater the increasing demand at its Yorkshire office.

Clinkard joined Hargreave from Brewin Dolphin Newcastle office, where he served as divisional director. Prior to this, he worked at Wise Speke in Newcastle.

Tom Holliday, head of York office for Hargreave Hale, said: "The York office has booked £55m from 134 new client accounts. There’s a further £10m in processing."

Additionally, the York office is expected reach its first milestone of £100m AUM in the next few months.

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Giles Hargreave, chairman of Hargreave Hale, said: "We are at an exciting stage in our development as we continue to expand around the UK. David brings invaluable knowledge and experience to our growing team.

"He is a talented investment director who will add value to our offering and support us in providing a high quality service to clients in the regions," he added.

The firm currently manages £3.9bn AUM and employs 190 people across its seven locations.