Peter Letley, who was appointed interim chief executive officer (CEO) at T Bailey in July, will take up the position full time on October 1.
In a statement, Letley says he looks forward to spearheading the growth phase of the business. He says there has been considerable change and development at T Bailey.
Letley took over as interim CEO from Jason Britton who then became the new chief investment officer (CIO). The aim of Britton becoming CIO was to allow him to focus solely on fund management.
Nicholas Forman Hardy, the chairman of T Bailey, says Letley recognises the importance of compliance and internal controls, adding support to the fund management team.
T Bailey has also strengthened its team in other areas, according to the statement, with new sales appointments set to be announced shortly.