Liontrust has announced that Ian Chimes, currently sales and marketing director at Miton Group, is joining the firm as head of global distribution.
Chief executive John Ions says Chimes is a “key hire” as the group aim to reach £10bn assets under management over the “next few years”.
Chimes previously was managing director and co-founder at Psigma Asset Management and managing director and head of distribution for Europe at Credit Suisse Asset Management.
Ions says: “Recruiting a Head of Global Distribution of Ian’s calibre demonstrates the progress and expansion of Liontrust over the past six years.”
He points out that Liontrust’s assets under management have grown from £1bn in 2010 to £5.8bn in October this year.
Miton says Chimes will step down from its board immediately following his resignation and that it has begun a search for a replacement.
Chairman of Miton Ian Dighé says: “This development gives us the opportunity to recruit a senior leadership candidate who will make a significant contribution to growing our business, in particular by extending our distribution strategy in an increasingly dynamic and fast changing market place.