Cavendish Asset Management has hired Nick Burchett from Investec as manager of UK equities.
He will work alongside fund manager Paul Mumford (pictured) to advise and assist the firm's clients.
Burchett had been with Investec for nearly 30 years as head of dealing for the wealth business specialising in smaller companies.
'Having been in the fund management game for 30 years, and having been a stockbroker for 25 years before that, I have a keen eye for the difference between good and bad recommendations,' said Mumford.
'More than any other broker I’ve worked with, Nick knows what he’s doing, and his advice on timing and execution over the years has been critical to the long-term success of my funds.'
Julian Lewis, cheif executive officer of Cavendish, added: 'Given his [Burchett] in-depth knowledge of Paul’s funds, we’re confident our investors will start to see considerable benefits from the go.