Evelyn Partners has appointed David Rankin as a new managing partner covering its Edinburgh and Aberdeen offices.
He has more than 30 years’ wealth management experience and joins the wealth management and professional services group from Investec’s Edinburgh office, where he was most recently senior wealth planning director.
For the last decade Rankin has been specialising in assisting clients with advice following a business sale, helping them protect or grow their family wealth and using Family Investment Companies. He works with lawyers, accountants and financial advisers to manage pension funds, trusts and corporate funds.
The appointment comes on the back of three practitioners joining the Edinburgh team.
Neil Grant joined as an associate director from Acumen Financial Planning, while Leanne Cassidy was appointed as an associate director in the Edinburgh financial planning team, joining from Schroders Personal Wealth.
Lisa Mcleod has also become an associate director in the Edinburgh investment management team, joining from Redmayne Bentley. She will split her time between the Edinburgh and Aberdeen offices.
Evelyn Partners has roots in Scotland dating back to 1881. Today it is one of the nation’s largest wealth managers, with more than 400 staff in Scotland, based in offices in Aberdeen, Edinburgh and Glasgow.
Last September, the firm signed terms to relocate its teams in Glasgow to a new development at 177 Bothwell Street.
Paul Frame, regional managing partner for Scotland and Northern Ireland at Evelyn Partners, commented: “As managing partner, David will lead our teams in Edinburgh and Aberdeen, and I look forward to working closely with him as we continue to develop and grow our business in Scotland.
“The fact that we are also hiring experienced practitioners such as Neil, Leanne and Lisa demonstrates that we are committed to further expanding our presence in Edinburgh, meeting client demands, following upon the acquisition of the CRM and MP2 financial planning businesses in the city last year.”
Rankin added: “I am excited to be joining Evelyn Partners in Edinburgh and Aberdeen as the region is growing rapidly.
“The combined wealth offering at Evelyn Partners is unique and will certainly be attractive to both clients and professional connections.”
Evelyn Partners was created following the merger of Tilney and Smith & Williamson. With £52bn of assets under management - as at 30 September 2022 - it ranks as the second largest UK wealth manager measured by earnings and the sixth largest professional services firm ranked by fee income.
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