Liontrust nabs Miton’s Chimes to head distribution


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.