Brown Shipley has appointed six analysts in a bid to strengthen the investment team's equity and credit coverage.
The hires include Tom Rahman, former head of credit research at RIA Capital Markets, as well as analysts with backgrounds in independent financial advice and hedge fund strategies. The analysts will be responsible for pricing credit as well as equities.
In an additional internal move, the firm has promoted project manager Ryan Johnson to the role of senior operations manager.
Newly-appointed Brown Shipley chief investment officer Kevin Doran has previously stated his ambition to “harmonise” the credit and equity processes.
With the expanded team in place, he plans to spend April reviewing the fund range: “The strategy for the fund is deliver performance worth paying for. We are never going to be the biggest fund manager in any of the sectors, but we can take market share.”
Brown Shipley is aiming to take advantage of its ability to integrate wealth management, private banking and fund management to expand its client base. Doran’s predecessor as CIO, Peter Botham, has been appointed to a newly-created role focused on strengthening relations with independent financial advisers.
The private bank has also boosted its Scottish team, with the appointment of three former Barclays Wealth bankers.
While the firm missed out on winning the bid for Jupiter’s wealth management arm, Brown Shipley head of private banking Hugh Titcomb has highlighted the firm’s focus on acquisitions as another means of growing the business.