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Foster Denovo recruits to spur expansion

Foster Denovo recruits to spur expansion

National advice firm Foster Denovo has taken on four new advisers in its London-based private client division.

The company has previously said it intends to bring in more high quality clients, advisers and support staff over the next few years, as it continues on its growth strategy.

The four advisers it has taken on are Robert Saunders, Dafydd Davies, Nikos Christoforou and OllyYorath.

Roger Brosch, chief executive of Foster Denovo, said: "We are delighted to welcome thenew advisers into the business; each deciding to join Foster Denovo to enhance their own career through our planned growth journey.

"And we look forward to bringing in many more specialists during the year ahead."

Mr Saunders was previously with firms including Wise Pensions, Leadenhall, and Smith and Williamson. Mr Christoforou joins the business from St James' Place. Mr Davies has previously worked for Fairfax Investment Bank while Mr Yorath was formerly an adviser with Fairey Associates.

Mr Saunders said: "I joined Foster Denovo because I was looking for a firm that was big enough to offer scale and critical mass but still had a personal feel and did not try to shoehorn all advice into pre-set channels.

"The ethics of the business were a very important consideration, and I fee lthat Foster Denovo shares my attitude to placing clients’ needs at the centre of the advice process."

This follows the appointments of Sharon Mattheus, Olugbenga Bello and Michael Walsh last year.

Late last year Foster Denovo bought employee benefits consultancy firm TEBC Limited.

Mr Brosch told FTAdviser in 2016 that he had struggled to find quality IFAs to swell the company’s ranks so would be looking to buy firms.

Towards the end of that year Foster Denovo changed its status from public to private to encourage private equity investment to fund this growth.

damian.fantato@ft.com