Cazenove Capital Management (CCM), the wealth management arm of Schroders, has recruited a brace of portfolio managers from Millbank Investment Managers, the investment management subsidiary of Millbank Financial Services, the Pearson family office.
Hugo Studholme and Jeremy Males both joined CCM in December 2017 as portfolio directors after spending 16 years and 14 years nine months respectively at Millbank.
Mr Studholme joined Millbank in January 2002. He commenced his investment management career at Gerrard Vivian Gray, now a component part of Barclays Wealth and Investment Management, before spending three and a half years at Schroders Private Bank, which he left in June 2000.
Mr Males joined Millbank in April 2003 from Ionian Investment Management where he commenced his investment management career after leaving university in 1994.
Cazenove has expanded its operations significantly in recent months, not least through its acquisition of the wealth management arm of C. Hoare & Co.
This boosted CCM’s client assets by £2.3 billion as well as bring 28 new members of staff.