Whitman Asset Management, formerly known as Whitman Capital Management, has set up a private client investment management division.
The operation will offer clients a multi-asset portfolio management service, focusing on individual client objectives and active management.
Victoria Stevenson has joined from Quilter Cheviot to run the business with the help of Michael Pallett, a veteran of the investment management industry.
Whitman is looking to add private client investment managers in the next few months.
Rebrand
Also, Whitman has named Araminta Le Flufy as chief executive.
Le Flufy was previously head of smaller companies at Whitman Howard and a significant shareholder in the Whitman Group.
In July 2020, the Whitman Group divested Whitman Asset Management, and the management team of Whitman together with a group of external private investors bought out 100% of the equity to form a wholly independent asset management firm.
Whitman is regulated and approved by the Financial Conduct Authority as an asset manager.
Energised
“Given the economic turmoil caused by the coronavirus pandemic and the market uncertainties this has created, we are hugely energised by the firm’s developments this year,” Le Flufy said. “The total support of all our clients and the confidence shown by our external investors partnering with us has been exceptional.
“The private client investment management business has been in our planning for several months and we are delighted to be onboarding Victoria and Michael who share our vision and enthusiasm about what we are building.”
