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She has been replaced by Witter, who has been made an executive director.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