Brown Shipley has appointed Santander Asset Management's multi-strategy solutions head Toby Vaughan as chief investment officer.
He will replace current CIO Don Smith who is leaving at the end of September to pursue other career opportunities after three years with the firm.
Smith joined Brown Shipley from iCap where he spent 14 years, most recently as chief economist. Prior to this, he was a senior economist and market analyst at HSBC.
Joining in October, Vaughan will be responsible for the firm's research and asset management unit, while overseeing the running of its £7.8bn assets under management.
Vaughan joined Santander AM as a senior fund manager in 2011 and after three years was promoted to head of fund management, global multi-asset solutions.
In June, Investment Week revealed he had been promoted to head of multi-strategy solutions.
Prior to Santander AM, Vaughan started his career at F&C Asset Management in 2001 where he spent nine years before joining LV Asset Management as a principal fund manager.
Alan Mathewson, CEO of Brown Shipley, said: "Toby is an experienced asset management professional and I look forward to working with him as he further enhances our investment management proposition for our clients."
Vaughan commented: "With a rich heritage and strong foundations, the business has clear growth plans. I look forward to working with my team and playing an instrumental role in helping take Brown Shipley to the next level."
This is the firm's first appointment since Mathewson joined as CEO in April also from Santander UK, replacing Ian Sackfield.
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