Raymond James is opening a branch in the heart of Cheshire under the name Raymond James, Chowley.
The branch will be led by co-founders Audrey McKinstry and John Simpson.
McKinstry and Simpson have worked together for the past twenty years and have over 50 years of ﬁnancial market experience between them. Their collective expertise and market insight will be used to provide clients, based in the North-West and across the UK, with discretionary investment portfolio management.
Starting her career at William F Coates & Co in 1987, McKinstry honed her expertise in individual and family portfolio management while working for the likes of Lloyds Private Banking and Greig Middleton & Co. She joined BWD Rensburg (now Investec) in 2001 where she was a senior investment director.
She said: “Any investment manager starting their own business needs to have the right tools and expertise in place from day one, and Raymond James is providing that, and more. More than anything it’s giving us the sure footing to focus our energies on the most important part of our business: our clients and their investments.”
Simpson started his career in investment management in 1994 at Cazenove & Co. He went on to join Tilney then BWD Rensburg (now Investec) in 2000 as a senior investment director.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
He added: “Audrey and I have worked with one another for over twenty years but starting a business together under the Raymond James brand opens a new chapter in our professional lives. We both believe deeply in the value of fostering close, long term relationships with our clients and will be putting them at the heart of everything we do.”
Anthony Scott, head of business development at Raymond James said: “2020 was an incredibly busy year for branch growth here at Raymond James, and that growth story continues into 2021, with the launch of our latest branch in Chowley. John and Audrey have shared a long and illustrious career together, and we’re so pleased to be welcoming them to Raymond James.”
The transaction, which is expected to close in Raymond James’ fiscal second quarter, will facilitate the firm’s expansion plans in response to growing demand for investment banking expertise amongst consumer and retail companies.