Liontrust has appointed Ian Chimes as head of global distribution, reporting to chief executive John Ions.
In his new role he will be responsible for sales in the UK and internationally.
Mr Chimes is currently sales and marketing director at Miton Group, which he joined when Psigma Asset Management was acquired by the group.
He was managing director and co-founder at Psigma and prior to that was managing director and head of distribution, Europe, at Credit Suisse Asset Management.
Mr Ions said: “Ian has vast experience in, and knowledge of, distribution both in the UK and in continental Europe. Recruiting a head of global distribution of Ian’s calibre demonstrates the progress and expansion of Liontrust over the past six years.
“Liontrust’s AUM has grown from around £1bn in 2010 to £5.8bn on October 4 2016 and Ian is a key hire in ensuring our continued growth and drive to reach £10bn in AUM over the next few years.”
Following Mr Chimes’ appointment, Simon Hildrey will become chief marketing officer at Liontrust.
Miton Group said it had already started the search for “an experienced, senior individual whose role will encompass both distribution and marketing responsibilities and who exhibits proven leadership skills”.
Ian Dighé, chairman of Miton, announced he will move into a non-executive role on the board and Gervais Williams, managing director, will become the group’s senior executive director.
Mr Dighé added: “Miton has built a distinctive platform as a genuinely active manager. We have good asset growth momentum driven by a combination of inflows and performance and a robust financial position. The new products we have launched, along with those we have repositioned, are increasingly relevant given the changing dynamics of the market place.
“We look forward to welcoming Jim Wright in January 2017 as we look to launch our new global equity infrastructure fund in the first half of next year.”