Cazenove Capital, the wealth management subsidiary of Schroders, has set up a new office in Manchester to better service clients in the North West UK.
The move is part of the firm’s ‘strategy to build on-the-ground presence in the major UK regional hubs.
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The new operations will be led by Simon Pearson as head of the Manchester office.
The team will focus on servicing clients across the North West, including in Manchester, Chester, and Liverpool.
Cazenove said that its new office is well placed to capitalise on growing entrepreneurialism in the North of England.
Many new and established business owners in the region are said to be expanding their businesses in sectors such as manufacturing, fashion, and technology.
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By GlobalDataAccording to Pearson, established family businesses in the North West is continuing to adapt to drive long-term growth and as a result, the region was home to an increasing number of start-ups.
Pearson said: “The government’s levelling up agenda will only boost this momentum, providing a supportive context for local business owners. Our team is dedicated to delivering personalised wealth management services for business owners and all client groups in the region.”
Cazenove Capital provides a range of wealth management services, including financial planning, lending and portfolio management.
Its customer base comprises companies, family trusts, private clients, charities, and pension plans.
Last month, Cazenove Capital opened a new office in Charlotte Square in Edinburgh and appointed James Burley as a portfolio director of the new team.
Cazenove Capital CEO Mary-Anne Daly said: “This is an important step to deliver on our ambition to bring personalised, meaningful wealth management services to client groups across the UK.
“This office opening is a testament to the work of the North West team in driving Cazenove Capital’s proposition in the region, and to the strong relationships the team holds with clients – established and new.”
