LGT sours in AM in H1 while group profit declines. Source: Shutterstock

As part of its targeted regional expansion, UK-based firm LGT Wealth Management has appointed three new hires to its Manchester office.

Simon Reeks, Fahim Amdani, and Michael Waddington are the three new members of LGT Wealth Management’s team.

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The team has been actively searching for chances for strategic growth since the establishment of its Manchester office in March.

With more than 30 years of expertise, Reeks has worked as an investment manager for high-net-worth individuals, pension funds, corporations, family trusts, and charitable organisations throughout the UK. He was head of private clients at Midas Investment Management and most recently a Partner at Evelyn Partners before joining LGT Wealth Management. 

Secondly, Amdani had held positions in private banking at JP Morgan and Barclays before joining UBS as a wealth manager. Having worked in the financial services industry for 14 years, he has advised wealthy families on multigenerational wealth structuring and investments in a variety of asset classes.

Lastly, Waddington joins the team as office manager after spending the previous seven years at Evelyn Partners (previously Tilney). With over 40 years of operational expertise in the stockbroking and wealth management industries, Waddington will be ready to assist clients and expand the client service staff in Manchester.

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Andrew Davies, partner, and head of regions at LGT Wealth Management stated: “Long-term investment in our regional offices is essential for sustainable growth. It not only allows us to attract and retain top talent, but it enables us to build robust local networks and infrastructure. By strengthening our presence across the regions, we can better serve our clients located outside London, deepen our understanding of local markets and foster closer relationships with clients in these regions. Simon, Fahim and Michael bring a wealth of client experience to our rapidly growing Manchester office.”

 Ben Snee, CEO of LGT Wealth Management added: “We are committed to the continued development of our regional teams across the UK, which we believe will be critical to our growth as we continue to deliver exceptional value to our clients. The opening of our Manchester office was an important part of that strategy and we’re delighted to see that team grow.”