Thesis has hired regional charity specialist Alice Farrer from EFG Harris Allday for its Chichester office.

The hire is the latest in a series of intitiatives following a management buyout at the firm. 

Farrer previously spent five years as a client relationship officer, based in EFG’s Worcestershire office. Before that she worked on charitable partnerships at law firm Slaughter & May, after beginning her career in 2002 as a charity investment manager at HSBC Private Bank.

In a statement the company noted that the hire was part of the company’s ‘commitment’ to the office, which it refurbished last year and which currently manages £270 million, down from £300 million at the time of a mid-2018 Wealth Manager interview with local boss James Nield (pictured).

Thesis director Lawrence Cook said: ‘We are delighted to welcome someone of Alice’s expertise and experience to the office in Chichester.

‘Alice is hugely experienced within the charity investment management sector and we feel she is going to be a real asset for the business as we look to grow. This appointment underscores our commitment to Chichester and we are delighted to be expanding the team at our head office.’

Nield had last year said that his office was intending to add at least one further manager to its 70-strong workforce, following an overhaul of the listed office to free up more floor space.

Nield’s team consists of two managers, himself and Robert Clough, as well as two assistant managers, one investment assistant and a secretary.  

Thesis has approximately £14.2 billion of funds under management and administration, of which £3 billion is in discretionary.

Farrer said: ‘I am really excited to be joining a company such as Thesis as it continues to innovate and grow. It is well known amongst local charitable organisations for providing excellence in main stream and ethical investment services and I look forward to being a part of this. 

‘Within our team here in Chichester we have the breadth of experience and knowledge that you would typically find in a London firm and I believe this is very compelling for local charities and individuals.’

Directors of the business staged a £47 million buyout in 2017, backed by a consortium led by private equity partnership Ventiga and family office J Leon.