Quilter Cheviot boosts investment team

Quilter Cheviot has expanded its investment team with two new hires just days after the two firms’ merger gained FSA approval.

The newly combined firm has hired Peter Butcher and Nigel Olliff from Quartet Capital Partners, where they were both partners and investment managers.

Both Mr Butcher and Mr Olliff had worked at Berry Asset Management before joining Quartet.

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The firm said the hires signalled its commitment to growing its business further and come after the company’s London investment team saw Di Griffin and Dan Weale join from Kleinwort Benson and Oliver Stainer move over from Towry in 2012.

Quilter and Cheviot achieved formal approval from the regulator for its merger to form the £12bn Quilter Cheviot earlier this week and, while the hires signal further growth, managing director Stephen Vakil said that executing the merger was still the firm’s top priority.

“Following the now formal merger our immediate priority is to ensure that we dovetail the businesses behind the scenes, minimising any potential disruption to our clients,” he said.