Charles Stanley  

Charles Stanley hires director from Brewin Dolphin

Charles Stanley hires director from Brewin Dolphin
 Martin Tyson, investment director at Charles Stanley Leeds

Wealth manager Charles Stanley has bolstered its investment team in the north with a senior hire from rival Brewin Dolphin. 

Martin Tyson joins the company's Leeds office as its investment director after 17 years at Brewin Dolphin where he was a divisional director and most recently senior investment manager. 

Mr Tyson is expected to bolster Charles Stanley's Leeds office with 22 years of industry experience and well established local knowledge. 

Simon Martin, branch manager of Charles Stanley Leeds, said: "I am delighted to welcome someone with the calibre and experience that Martin brings, and that as a highly sought-after professional he recognised the opportunities that Charles Stanley has to offer. 

"Building our investment management team is a key part of our continuing expansion. Following our acquisition of Myddleton Croft last year, Martin will be a valuable addition to the team to help us to continue to grow our presence in Leeds and Yorkshire."

Charles Stanley bought Leeds-based discretionary investment manager Myddleton Croft in August last year, in a deal that added £96.5m to the wealth manager's funds under management. 

Mr Tyson said: "I am pleased to join Charles Stanley at such an exciting time in its transformation. The Leeds office is growing, and the overall business has a clear strategy that is delivering, as evidenced by its latest set of results. 

"The current environment in which we are operating means that there is a growing need for trusted advice, as clients are looking for help in navigating these tricky times and to capitalise on emerging opportunities, bringing the value that myself and my new colleagues at Charles Stanley offer to the fore."

The hire follows a positive set of results for the wealth manager last month which saw profits rise 45 per cent despite funds taking a £4bn hit as a result of the coronavirus crisis. 

rachel.mortimer@ft.com 

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