Alan Aitchison will step back from running Quilter Cheviot Investment Management’s Edinburgh base, handing the reins to Mark Hallam.
Aitchison is to remain in the business through a period of transition, with Hallam, currently the firm’s Edinburgh number two, due to assume full responsibility at the end of August.
The pair have worked together for two decades, arriving at Quilter Cheviot in 2011, prior to which they held roles at Deutsche Bank and Edinburgh Fund Managers.
“Continuity of thinking, service and relationships is critically important for our clients,” Richard Thorn, Quilter Cheviot’s head of regions. “Mark’s appointment, with Alan working by his side, will ensure a seamless transition as we continue to grow and develop our office in Edinburgh.
Aitchison added: “Having established our office in Edinburgh, the time is right to hand over responsibility for the next phase of our growth to Hallam, who will bring his own ideas and expertise to the leadership role.”
It has been a busy 2015 for Quilter Cheviot, most notably the £585m buy-out by Old Mutual Wealth in January, followed by a significant restructuring of the firm’s executive team earlier this month.
