Five members of the Wins Investment Trust team have left to join its rival, Numis. They are researchers Charles Cade and Simon Elliot, Chris Gook of Wins’ sales team, and David Benda and Nathan Brown from corporate finance.
The appointments will mark Numis’s expansion into the investment trust industry. Martine Skinner, head of human resources at Numis, said that three of the five would start in their new roles in three months’ time, with Cade and Gook arriving in “not more than 12 months”.
James Moseley, director of investment trusts at Wins, declined to comment on the company’s plans to replace the defectors.