Neptune Investment Management has hired the former CEO of M&G Investments Michael McLintock as a special adviser, as head of distribution Charlie Parker leaves the firm to join Sanlam Wealth.
McLintock was at M&G for 19 years and retired from his CEO role last year, to be succeeded by Anne Richards.
He will advise Neptune on strategy and distribution in a long-term and permanent role, and has taken equity in the business.
Robin Geffen, CEO and founder of Neptune, said: "Mike McLintock is fully committed to the role as special adviser on strategy and distribution and will be working closely with the distribution team and senior management on a permanent basis."
Meanwhile, Parker has left Neptune following a restructure of his role as head of distribution. The firm said it is looking to hire externally to fill the role of head of sales, who will take responsibility for its key client relationships.
This is in conjunction with LGBR's appointment last year, to widen the firm's distribution reach across the IFA community.
Geffen added: "Neptune has an exceptionally talented team ready to take on Charlie's responsibilities and help clients access the very strong performance we have to offer across our fund range. We are currently investing in our client investment strategy team to further enhance our service."
Parker, who joined in 2014, said: "Neptune is a company full of incredibly bright and talented individuals and I have enormous confidence that the years ahead will see both growth for the business and a great service delivered to its clients."
He has joined Sanlam UK alongside Paula Eddery and Katrina Usher to drive firm wealth division's growth strategy.
Parker will join in November to work closely with CEO of Sanlam Wealth John White to help grow the division's global connections and explore new client segment opportunities.
Eddery and Usher were both recruited in May with the former joining as portfolio manager in the London team and regional manager of our South Eastern Offices. She was previously been head of investments at Thomas Miller and CIO of Broadstone.
Usher joins the financial planning team as a regional manager in the north of England after leaving A J Gallagher.
CEO of Sanlam Wealth White said: "I am focused on delivering the best outcomes to our growing client base and bringing the highest quality individuals into our wealth division to broaden our reach and appeal to allow us to meet the exacting targets that we have in the business.
"Charlie, Paula and Katrina are huge additions to my leadership team and I look forward to working with them to meet our ambitions."
Sanlam UK has been through an extensive re-structuring and re-positioning since Jonathan Polin took over as CEO at the end of 2015. The business has been re-organised into a vertically integrated model with wealth planning at the forefront of the business.
Polin said: "I am delighted we have been able to attract the highest quality individuals to assist John in delivering a full service wealth division. These appointments come at an exciting time for the group as we have just completed our strongest quarter with our financial planning business writing the highest ever new business.
"We are developing innovative solutions and adopting new technologies to enhance our existing business and ready our Partnership Programme to be relevant and attractive to quality advisers."