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Liontrust signals global expansion plans with new hire

Aim-listed funds boutique Liontrust has hired well-known industry figure Ian Chimes from Miton Group to grow its international distribution profile as part of a strategy to reach £10bn (€11.2bn, $12.4bn) in assets under management.

Liontrust signals global expansion plans with new hire

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Chimes, currently sales and marketing director at Miton, will be joining Liontrust as its newly-created head of global distribution with a start date in early 2017 when he will report into chief executive John Irons.

His previous roles include managing director and co-founder of Psigma Asset Management, managing director and head of distribution, Europe, of Credit Suisse Asset Management.

Irons said: “Ian has vast experience in, and knowledge of, distribution both in the UK and in continental Europe. Recruiting a head of global distribution of Ian’s calibre demonstrates the progress and expansion of Liontrust over the past six years.

“Liontrust’s AuM has grown from around £1bn in 2010 to £5.8bn on 4 October 2016 and Ian is a key hire in ensuring our continued growth and drive to reach £10bn in AuM over the next few years.”

Simon Hildrey will become chief marketing officer following Chimes’ recruitment.

Miton is understood to be searching for a replacement for Chimes.

To read a fund distributor profile of Liontrust’s Jonathan Hughes-Morgan and James Beddall, click here.

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