UK investment manager Hargreave Hale has relocated its Worcester branch to the Waterside district of the city in an attempt to increase its presence in the region.

The new firm’s premises will house several private client investment managers and support staff, the company said. Currently, Hargreave Hale’s business in Worcester holds over £145m in asset under management (AuM).

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The move follows the recent opening of a new Hargreave Hale branch in York headed by former Brewin Dolphin ‘s David Clinkard.

Mike Davies, branch manager said: "This move is an important landmark in the growth of our business in Worcester."

Hargreave Hale provides discretionary investment management and stockbroking services to private clients, intermediaries, corporates, charities and trusts.

Since April 2013, Hargreave Hale’s funds under management have doubled to £4bn and 40 new staff members have joined the company, taking the total headcount above 200.

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The firm is based across eight offices across the UK.