Waverton Investment Management (Waverton) has registered a 30% rise in assets under management to £5.2 billion at the end of August 2014, compared with £4 billion a year ago.
The increase in assets follows Waverton’s acquisition from Credit Suisse last year by Bermuda-based Somers Limited.
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The firm, formerly known as J O Hambro Investment Management, has appointed eight new hires across its core private client, charities and fund teams.
In addition, Waverton has hired three new independent non-executive directors to its board.
The Waverton European Fund has generated a large part of the new asset growth and has outperformed the FTSE World Europe by 67% over 3 years to 31 August 2014.
Hugh Grootenhuis, CEO of Waverton, said: "In my view, our business is strengthened by the fact that Directors of the firm have an equity stake, further aligning themselves with the interests of their clients.
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By GlobalData"Clients continue to be attracted to Waverton because of the quality of our investment professionals and the focus on long-term performance, and this has been reflected in the increase of our AUM. It is particularly pleasing that the growth in assets has been entirely organic and across all our business areas.
"We can see many opportunities for us to grow further, whether in the field of international private clients, institutional investors, funds, charities or our managed funds service business," he added.
