UK-based wealth management firm, Praemium has appointed Rebecca Murphy from North Investment Partners as head of investment solutions in London office.

In the new role, Murphy will report directly to CEO Michael Ohanessian and will work alongside Jon Farmer, head of platform distribution.

The move comes as Praemium looks to expand the range of services it offers to advisers and investment managers.

Murphy, who cofounded North Investment Partners in 2005, has created the Wealth Solutions Service, a discretionary portfolio service based on Praemium’s Separately Managed Account (SMA) technology.

With 18 years of industry experience, Murphy has previously worked at firms such as Henderson Global Investors and Rothschild Asset Management.

The latest hire follows the appointment of fund managers Ari Towli and Nick Stanhope, also from North Investment Partners, to the Praemium team.

CEO Michael Ohanessian said: "Rebecca brings a wealth of experience in developing innovative investment solutions that can support the growth of adviser businesses, while at the same time delivering the right investment outcomes for investors.

Murphy said: "Working with Praemium will allow me to offer a seamless proposition that incorporates innovative investment with a proven administration and execution capability at a competitive price. Praemium has a clear strategy to deliver these services to clients across a variety of different distribution channels and markets."