AssetCo adviser among new hires for Parmenion

Deal with AssetCo to buy 30% of equity in the business was finalised on October 6

Parmenion has hired a senior investment manager and two people for its board of directors, following the completion of AssetCo’s acquisition of a 30% stake in the business.

Richard Houghton has joined the firm as chairman having spent most of his career working with private equity backed businesses. He is currently chairman of Peoplesafe and Vistair, as well as previously serving as chairman of British Engineering Services, Target group and on the board of Verastar. "Wealth management is an exciting and rapidly growing industry. Parmenion, with its compelling investment proposition, leading technology, and best-in-class customer service credentials is well placed to take advantage of industry trends," Houghton said. Janus Henderson hire to bring 'fres...