James Hambro & Partners poach rival
Wealth manager James Hambro & Partners has hired an experienced investment chief with “impeccable connections” as it launches an Edinburgh office.
The firm has taken on Alex Montgomery, who was joint chief executive at rival wealth manager Tcam Asset Management, which managed more than £1 billion of assets for clients before it was acquired by 7IM in 2018. He left 7IM a year later.
The Edinburgh office will be James Hambro’s second regional office after former Aberdeen Standard manager Aidan Butler opened the first, in Leeds, last year.
Montgomery, who joins as a partner, said: “For me a key attraction of James Hambro & Partners is that it’s an independent partnership. The business doesn’t have to meet arbitrary targets set by an owner, so it focuses on the long term and doing what matters – delivering great service and performance.”
The firm expects to open its operation in the capital by April, and more hires are said to be in the pipeline.
Montgomery added: “We want to have the capacity to deliver all the firm’s services from the Edinburgh office, so that will mean recruiting experienced and capable financial planning and investment professionals and support staff.
“JH&P already has a number of Scottish clients, and Lord Balniel – a founding partner – is based in Fife, near St Andrews. That means we’re already sensitive to some of the subtle but important differences in law and taxation.
“Having a strong team in Scotland will augment the firm’s ability to serve Scottish clients.”