As the senior investment director, Marsden will be responsible for developing the company’s private client business working alongside IFAs and intermediaries.

Simon Kaye, divisional director of Investec Wealth & Investment said, "We have long prided ourselves on providing a senior level of expertise that has enabled us to retain our clients over decades, and Jonathan will make a very positive contribution to that endeavor."

He also added that he was glad to have recruited someone with a good track record in advising clients.

Marsden was previously the head of Kleinwort Benson at Leeds and has also worked as a financial adviser at AWD Chase de Vere.

Investec has been on an expansion mode with the parent company Investec recently having bought Williams de Broe owner Evolution and Investec Asset Management arm of the business had recently having hired former IMF Institute director Leslie Lipschitz as a visiting strategist for its Cape Town office.

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