Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Saranac appoints new managing partner in revamp

Saranac appoints new managing partner in revamp

Saranac Partners has promoted Tanvi Davda to managing partner as part of a revamp of its top brass. 

The move follows David Giampaolo’s decision to step down from the wealth boutique earlier this year.

Since the launch of the business in August 2016, Davda (pictured) has been responsible for the client team.

Her new role has coincided with two more promotions to the management team, with Michelle Witter becoming head of strategic business development, and Brent Seery being named head of proposition.

They will be supported by chief financial officer Simon Latham and chief operating officer Andrew Catterall.

The entire management team previously worked at Barclays Wealth, which may not come as a surprise, as Saranac was founded by ex-Barclays Wealth chief Tom Kalaris.

Meanwhile, non-executive director Mary Reilly has stepped down from Saranac’s board after completing her two-year term.

She has been replaced by Witter, who has been made an executive director.

The changes follow a successful £17.5 million fundraising over the summer, led by existing investors Standard Life Aberdeen and emerging markets guru Jim Mellon.

Saranac chairman Robert Elliott said: ‘With the successful conclusion of the capital round and the confirmation of the leadership team, the firm can now look forward with confidence to its next phase of growth.’

 

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Citywire 20: Investec's du Toit on managing the 'jerk factor'

Citywire 20: Investec's du Toit on managing the 'jerk factor'

Investec boss Hendrik du Toit believes he has become far more decisive over the last 20 years, especially when it comes to managing 'jerk' factor.

Play Citywire 20: Hugh Young's bleak lesson

Citywire 20: Hugh Young's bleak lesson

In the latest video to mark Citywire's 20th birthday, Aberdeen Standard Investments Asia head reminisces about one of the toughest periods in his career.

Play IWD 2019 video: fund and wealth figures define diversity

IWD 2019 video: fund and wealth figures define diversity

To mark International Women's Day, we have spoken to a variety of top fund houses and wealth managers about their definition of diversity, and how they hope to achieve a more inclusive workplace.

Read More
Wealth Manager on Twitter