Cheviot choose Liverpool for first launch outside London
Max Steinberg has greeted with delight the news that one of the UK’s leading private wealth management companies has chosen Liverpool for its first office outside London.
Cheviot Asset Management, which has some £3.5 billion of assets under management, opened its new Liverpool office at 5 St Paul’s Square, Liverpool, last week.
Cheviot Asset Management was launched in May 2006, following the recruitment of 92 investment professionals and support staff from UBS. Michael Kerr-Dineen, industry veteran and former chief executive of UBS Laing & Cruickshank, was appointed chief executive; and Sir George Mathewson, formerly chairman of Royal Bank of Scotland was appointed chairman.
The business operates within an independent partnership structure, providing investment management advice to high net worth private clients, charities and trusts.
It now manages and advises on over £3.5bn of client assets, all with discretionary and fee-paying mandates. It targets clients with at least £250,000 in investable assets.
Max Steinberg, chief executive of 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.
“We are delighted that Liverpool continues to attract businesses of this calibre – it sends out a very positive message to other professional services organisations seeking to relocate or expand into new markets.
“Cheviot’s location in St Paul’s Square is also a welcome endorsement of this new Grade A office space and underlines how vibrant and attractive Liverpool’s Commercial District is.”
Chief executive Michael Kerr-Dineen said the firm has chosen Liverpool because of the city’s importance as an asset management centre.
He said: “Liverpool has undergone a remarkable renaissance in the last five years. ¬ Its national and international image has improved immeasurably and we’re looking forward to playing our part in helping that reputation improve even further.
Its ambition is there for all to see and was reflected in the Capital of Culture Year and presence at the World Expo in Shanghai. The region is increasingly affluent so naturally will attract high profile investment businesses such as Cheviot who, we believe, offer a unique alternative to the growing corporatisation of traditional firms.
[Image L-R Cheviot Chief executive Michael Kerr-Dineen and Liverpool Vision Chief Executive Max Steinberg]
For further information on Cheviot visit www.cheviot.co.uk
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