Caerus Group, a UK-based financial services provider, has renewed its partnership agreement with Parmenion for three more years.
Under the agreement, Parmenion will provide discretionary investment management, administration and custody services to Caerus Portfolio Management (CPM), the investment management arm of the Caerus group.
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Parmenion will offer a new Caerus Select scheme which includes active, passive, income-paying and ethical portfolios.
Keith Carby, CEO of Caerus Capital, said: "The new portfolios will be consistently managed over a range of ten risk grades, so clients can be confident that their investment strategy matches their individual attitudes to investment and capacity for risk."
As part of the move, Caerus group has promoted sales and marketing director Andy Ferns as its new managing director.
Additionally, Caerus investment director Ronan Kearney has left the group to pursue other projects.
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By GlobalDataCarby added: "Kearney was one of the architects of Caerus and he has played a key role in our development to date. We have always known his involvement with Caerus was a step towards his longer-term ambitions in product manufacture and, eventually, in investment banking."
