The ex-head of Quilter’s £1 billion managed portfolio service (MPS) has been reunited with a former colleague after joining Salisbury-based boutique Casterbridge Wealth.
Julian Menges will take charge of the five-strong investment team previously led by the wealth manager’s chief executive, Keith Edwards, another Quilter alumni who left the firm at the same time as Menges, having held the post of executive director.
Casterbridge said it decided to expand its MPS with a senior appointment due to growing interest and fund flows from financial advisers.
Menges left Quilter in 2016 after spending six years at the company. In the interim period, he moved into consulting, providing insight for advisers and private equity companies on trends in the industry and fund selection. He also spent nine years at Heartwood Wealth Management in a similar post between 2001 and 2010.
Edwards (pictured) said that he has known Menges for a number of years and respects his views and investment perspective.
‘Julian’s experience in the collective mandate area through both good times and the more recent challenging conditions is the opportunity for which we’ve been looking,’ he added.
Casterbridge Wealth was established in December 2016 by IFA firm Strategic Solutions. Edwards has previously told Wealth Manager he plans to open an office somewhere around Bournemouth in the next two years and make one senior appointment annually.