Canaccord Genuity Wealth Management (CGWM) has appointed Michel Perera as chief investment officer (CIO).
Based in London, Perera will succeed Nigel Cuming, who will be retiring from the role in May 2017.
Cuming will continue with the firm as a consultant for the next two years, based in the Jersey office.
Perera is an experienced investment strategist, having spent the past 19 years at JP Morgan Private Bank, where he was the chief investment strategist (EMEA) responsible for running investment strategy and overseeing tactical asset allocation decisions for discretionary portfolios within the region.
Perera will be responsible for the central investment process, with a specific focus on asset allocation and stock selection. He will also work to maximise the potential of Canaccord Genuity's proprietary stock screening tool, Quest.
David Esfandi, chief executive of Canaccord Genuity Wealth Management in the UK & Europe, says: "Investment performance is right at the heart of everything we do for our clients. Michel's appointment will bring fresh ideas, extensive industry experience and knowledge that will be invaluable to clients and our business as we spearhead a new growth trajectory."