Lindsay Bateman will be responsible for targeting new business opportunities across the international professional adviser markets, with a particular focus on South Africa.
He joins from Ermitage Group, where he was executive director for business development.
Bateman, who has over 35 years’ experience in the financial services industry, said of his appointment: “As Southern Africa develops economically, international professional advisers are increasingly able to access offshore investments and are moving away from holding their clients’ assets in banks and lower-earning investments, in order to benefit from greater security and returns from their assets.
“BMI maintains an in-depth investment process which is well suited to the needs of international investors looking for offshore exposure to a full range of global assets, so I believe we are perfectly placed to grow our client offering across this region.”
BMI is a subsidiary of the AIM-listed, London-based wealth management group Brooks Macdonald.
Launched in 2012, the firm focus less on UK clientele and instead cater to an international market.
In January the firm announced Jeremy Stubbs was to become the senior adviser of its Guernsey office.
They said his job would involve heading up the island’s investment advisory and dealing teams.
Stubbs previously worked as a stockbroker for Cannacord and has over 13 years’ experience in the financial service industry.
As reported in December, the firm launched a platform-based international managed portfolio service providing financial advisers with a choice of four actively-managed, risk-rated, segregated investment portfolios to recommend to their non-UK clients.
The international service offers clients multi-currency options, allowing their investments to be made in sterling, euros or US dollars. BMI said the service would “ensure a greater spread of investment risk.”
The Brooks Macdonald group had £5.68bn ($9.58bn, €6.81bm) in funds under management as of December 2013.
