Tilney Bestinvest research head departs

Tilney Bestinvest’s head of research Simon Moore has left the firm after seven years there.

Tilney Bestinvest research head departs

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Moore is now offering consultancy services to wealth managers, funds and investment companies.

Tilney Bestinvest has been restructuring its teams following the recent acquisition of Ingenious Asset Management.

Ingenious AM, a London-based discretionary investment firm had £1.8 billion of client assets and 41 staff at the time the deal was announced in February this year.

The deal closed in April and brought Tilney’s assets up to around £11.2bn. Among the staffers which came over to Tilney as a result of the deal was Ingenious chief executive Guy Bowles, who became head of investment management for Tilney Bestinvest in London.

A spokesperson for Tilney Bestinvest declined to comment on Moore specifically, but said that following the recent acquisition of Ingenious, the firm has combined the research teams and implemented a restructure of responsibilities.

Last month Tilney Bestinvest reported profit of £17.6m for the 12 months to 31 December 2015, its first full year since the merger in August 2014.