Aberdeen Standard Investments' Thomas Moore has bought a stake in Quilter following its recent IPO.
Moore (pictured) believes the three pillars of Quilter's business, investment management, financial advice and platform administration, make the stock an attractive proposition.
'All of these areas are set to benefit from structural growth drivers over the medium term,' Moore said.
He also noted that Quilter's earnings are set to benefit from the launch of a cost efficiency programme.
Moore is one of the few active managers who have been directly connected to Quilter since its June listing. His purchase has yet to be disclosed via RNS, or appear on the Reuters shareholder register.
The register was updated in the last few days to reveal the latest post IPO breakdown of ownership.
The only clearly active fund appearing on the register thus far is the US-based $76 million (£58 million) Lazard International Small Cap equity fund, which owns a tiny 304,250 shares of the 1.8 billion Quilter put on the market.
While the register remains dominated by long-term South African backers, such as state pension fund the Public Investment Corporation and institutional investment house Coronation, with 9.4% and 9.2% of equity respectively, a series of blue chip UK fund houses all now hold it.
Legal & General IM has an interest in 1.1% of equity, BlackRock in 1.09%, Standard Life in 0.7% and M&G in 0.3%.
While it remained unclear whether all the fund level holdings have yet been disclosed, the majority of this appeared to be accounted for by tracker and exchange traded funds.
After the two biggest holders listed above, and Norwegian sovereign wealth titan Norges Bank with a 3.01% stake, Vanguard’s 1.5% stake eclipsed that held by the City majors.
Quilter's shares surged more than 10% from a 145p offer price in the opening session of their 25 June listing, to a peak of 160p. They have now settled down however, and currently trade at 151.76p.
Moore will hope recent portfolio activity will help trigger a turnaround in fortunes on his fund, which he has managed since 1 January 2009.
In the three years to the end of June, the fund has returned 14%, trailing the peer group average of 22%. Over five years the fund has fared better, returning 57.5% versus a sector average of 49.9%.