Cheviot has hired eight people from Liverpool office of Deutsche Bank Private Wealth Management, which is shifting some function to Bangalore, India.
Cheviot chief executive Michael Kerr-Dineen said Liverpool has undergone a remarkable renaissance in the last five years. Its national and international image has improved immeasurably and they are looking forward to playing their part in helping that reputation improve even further.
"Our growth plans for Liverpool are very ambitious. We are already experiencing fast organic growth, which I believe is aided by our partnership model, which frees up staff from any conflicts of interest. This makes it an attractive proposition for staff and clients alike," Kerr-Dineen said.
Max Steinberg, chief executive of economic development agency Liverpool Vision, said Cheviot’s decision is recognition of the pre-eminent position Liverpool holds with regard to wealth management expertise and is a vote of confidence in the city’s long-established track record.
Cheviot has some £3.5bn of assets under management and targets clients with at least £250,000 in investable assets.
