MAM Funds has promoted analyst Mark Wright to deputy manager of the CF Midas Balanced Growth fund, lead managed by Simon Callow.
MAM Funds' Simon Edwards is retiring from the firm in June.
Miton Asset Management managing director Martin Gray has been appointed a director of Midas Capital with immediate effect.
Midas Capital will sell off £62m in Guernsey and South African-based offshore funds over the next month in the final disposal of its non-core assets.
Midas Capital business development director David Thomas will leave the group at the end of next month.
Midas Capital is set to offload its iimia Wealth Management division to Jardine Lloyd Thompson for £7.25m.
Edwards and Borrows use 15 years' experience to hold their nerve during 'bloody awful' financial year
Midas Capital today reports a loss for the first half of 2009 but says improving fund performance and a successful restructure of the business have put it in a good position for future growth.