Beaufort Investment Management has appointed Stewart Murray joint chief investment officer.
Murray joins the discretionary fund manager, which has £550m under management and is part of the Beaufort Group, from Rowan Dartington where he was head of equities.
Existing chief investment officer Stephen Watson says the appointment comes as Beaufort expands and develops its DFM proposition.
Murray says he is excited to join the group at a “critical” stage in its development.
“I was attracted to Beaufort Investment Management as there are ever-fewer UK wealth managers of any size in the industry, as it continues to consolidate, and even fewer with the ability to be nimble, as the current climate demands.”