Wealth managers

Natixis Global Asset Management has expanded its London-based portfolio research and consulting group.

Former Apollo partner Tom McGrath has joined Caplain Capital to take the role of chief investment officer.

Financial services firm WH Ireland has expanded its private wealth management business in a bid to grow assets under management.

Brooks Macdonald has seen funds under management climb by 4.2% in the first quarter of 2014, results have revealed.

Schroders today said profits at its wealth management business had rebounded sharply following the takeover of Cazenove in July, while asset management profits also jumped as the business moved on from the loss of star manager Richard Buxton.

Brown Shipley has promoted Kevin Doran to chief investment officer after Peter Botham moved across to a new role focusing on the company's IFA business.

Clients saving more for retirement will cause global assets under management to soar by 2020, PwC has predicted.

Financial advisers' preference for multi-asset funds marks the "biggest cyclical change for 30 years", an Allianz Global Investors retail sales head has said.

Brooks Macdonald Asset Management is to offer clients of adviser Prosperity exclusive access to portfolio services.

J.O.Hambro Investment Management has rebranded as Waverton Investment Management today following a management buy-out from Credit Suisse.