Premier Miton is looking to grow its assets under management and diversify its client base by building a presence in the institutional market.
The asset manager said will maintain “a continued focus on growth through the UK wholesale market”, where it has £13.8bn of AUM, but added the company’s active investment platform “gives it the opportunity to develop a strong footprint in the institutional market”.
The firm is not the only business looking for diversification and growth in the institutional space, with Liontrust’s acquisition of Majedie expected to enhance its distribution capabilities in that market.
A strategically important move
Premier Miton has hired Chris Hamer (pictured) as head of business development to develop relationships with institutional investors and investment consultations.
He will report to chief executive Mike O’Shea.
Hamer was previously head of consultant relations Emea at BNY Mellon Investment Management and has held institutional roles at Columbia Threadneedle and Alliance Bernstein.
O’Shea commented: “This is a strategically important move for our firm. We are delighted to welcome Chris, who brings high quality experience and expertise, to help us build our institutional business, including capitalising on our existing investment strategies.
“Premier Miton has a very strong reputation and client base in the wholesale market, and this remains a bedrock of the company. We now look forward to also bringing our key strengths of investment excellence, active management and acting responsibly to the institutional market.”
