Investec Wealth & Investment (IW&I) has promoted Nicholas Jones to divisional director and head of the firm’s Birmingham office.
He takes over from Adrian Quin, who has been appointed regional director – Midlands and South West.
Jones joined IW&I as an investment director when the firm acquired Williams de Broë (WdB) in 2012; he was promoted to senior investment director also in 2012. Jones currently manages portfolios on behalf of a wide range of private clients primarily based in the Midlands on both a discretionary and advisory basis.
In his new role, Jones will focus on growing the Birmingham office’s private client base and its partnerships with financial advisers and other intermediaries. The office currently has 29 staff with five directly reporting into Jones.
Quin will be taking over as regional director from Colin Lewis, who is retiring, and will report to Tom Street, IW&I’s managing director. Quin also joined IW&I as part of the WdB acquisition. He has worked in financial and investment management for over 30 years, having initially started his career with Commercial Union in 1979. In his new role he will oversee and support IW&I’s offices in Bath, Bournemouth, Exeter and Cheltenham as well as Birmingham.
Tom Street, managing director, Investec Wealth & Investment, says: “I’m delighted to announce these two new appointments. Both Nicholas and Adrian have contributed to the substantial development of the Birmingham office and in building our presence in and around the Midlands. I know both will continue to ensure IW&I provides clients with the highest level of service as the firm looks to grow our client base.”
Jones says: “There are significant opportunities across the wealth management market in Birmingham and the Midlands region. Increased corporate activity, for instance, is presenting more opportunities to support entrepreneurs as they look to realise value from their businesses. I’m delighted to be given the chance to build and grow on the momentum we have in the market and lead a fantastic team of investment and financial planning specialists.”