Paul Marriage (pictured) and John Warren’s firm Tellworth Investments has nabbed Artemis senior distribution man Lawrence Brennan.
Brennan joins Helme Harrison as a director of business development and will assist with the boutique’s strategic growth and development as it looks to push into other markets.
He had been at Artemis for the last 20 years, serving as its head of wealth managers since 2017, looking after distribution and fund manager engagements in the intermediary market and business expansion in the Nordics. He began his career in sales at ABN Amro in 2001 after six years in the Household Cavalry.
Warren highlighted Brennan’s “wealth of experience in sales and distribution across multiple channels”.
“His proven track record of penetrating new markets and exceeding sales targets will be central to building the Tellworth brand, as it looks to the next step in its development,” he added.
Brennan is the latest sales vet to depart Artemis in the last 12 months. Portfolio Adviser revealed last May that sales director Tony Van Gool was set to leave after 18 years and months later head of distribution Jasper Berens was also out the door.
Allianz Global Investors’ Adam Gent stepped into the newly created role of Artemis’ head of intermediated business a week after van Gool’s exit and has been beefing up the distribution team this year.
Commenting on his appointment, Brennan said: “Tellworth’s small-cap expertise makes it well positioned to benefit from the recovery in UK equity markets, which are still relatively cheap, and presents a compelling opportunity for investors to capitalise on post-Covid growth.”
Tellworth was launched by ex-Schroders UK small cap duo Warren and Marriage (pictured) in 2017 with multi-boutique investment business Bennbridge.
So far the pair have launched one strategy, the £415.3m Tellworth UK Smaller Companies fund, and acquired two mandates from Sanditon and Principia. They brought the £142.7m Schroder UK Dynamic Absolute Return fund with them when they set up their own outfit.
Last year Tellworth attempted to raise £100m to get its British Recovery & Growth trust off the ground but was forced to abandon its IPO plans following lukewarm demand.
See also: Investment industry unsurprised as Tellworth’s Brexit Britain trust fails to IPO
