Cazenove Capital, the Schroders-owned wealth management business, has named former Barclays Wealth director Chris Arbuthnott as a portfolio director.
Before his four-year stint as a director at Barclays, Arbuthnott (pictured) spent a similar stretch of time as a director in HSBC’s private banking arm.
Now based in Aberdeen, Arbuthnott will work closely with Cazenove’s regional head of Scotland, Bob Hair, to service the firm’s existing client base. In the newly-created role, he will have a particular focus on clients in Aberdeen and northern Scotland.
Regarding his appointment, Arbuthnott said: “I am excited to join an organisation with an unparalleled global investment proposition and an experienced local team dedicated to delivering the best investment, wealth structuring, cash management, and lending services to clients. I look forward to continuing to work with clients to help them preserve and grow their wealth.
“During these challenging times, advice that is truly aligned to clients’ values, and tailored to their aspirations and priorities, is even more important. Our clients can be confident that they will receive this from us.”
Hair added: “Cazenove Capital is fast becoming the wealth manager of choice for entrepreneurs and business owners in Scotland, as we are across the UK. We look forward to adding experienced and conscientious individuals to augment our team.
“Chris will help to advise Cazenove Capital’s growing family of clients in Aberdeen and the North of Scotland. I am delighted to welcome him to the business.”
Since January 2020, Cazenove has made 17 senior hires, including the appointments of wealth planning director Wesley Harrision from Investec, and wealth planner Rosie Gibbs from Saunderson House, in May. The firm has also recently opened offices in Manchester and Birmingham.
Cazenove was acquired by Schroders in 2013 for £424m.
