Investec Wealth & Investment (IW&I) has bolstered its Edinburgh-based team with the four senior investment hires from Deutsche Asset & Wealth Management as speculation continued that the German-owned business is up for sale.
The four new hires include Grant Milne, Gordon McAndrew, David Henderson and Ian Smith, will join IW&I over the coming months.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Milne will join IW&I’s Edinburgh office in September 2013, while Henderson and Smith will join the firm in November 2013. McAndrew, DAWM’s head of discretionary management will be joining these three early next year.
The raid on Deutsche follows Investec’s integration of Williams de Broe and its move to new headquarters at Quartermile in Edinburgh last December.
Milne was managing director of DAWM’s office in Edinburgh until last year and a board member of the UK business.
Henderson has been an investment director in DAWM’s Edinburgh office for 10 years, previously working at Robert Fleming and Tilney Investment Management.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataIan Smith has been an investment director at DAWM for eight years and previously working at Wood Mackenzie & Co and Edinburgh Fund Managers.
IW&I divisional director for Edinburgh Murray Mackay said: "They bring with them substantial experience in managing portfolios on behalf of private clients, charities, trusts and pension funds. Working closely with our existing team, they will play an important role in expanding our presence in Edinburgh and throughout Scotland."
