UK investment manager and advisory service Tilney has appointed Nadia Atanasov as an associate financial planner, joining the company’s office in the Scotland capital of Edinburgh.
Atanasov most recently spent two years as a paraplanner with Chiene & Tait Financial Planning.
“Nadia is a highly talented and dedicated individual who constantly puts clients’ needs first and she will be a big asset to the Edinburgh team,” Tilney Group’s regional head of Scotland and Northern Ireland,Paul Frame, says.
“This is the latest in a series of hires in Scotland as we continue to strengthen our presence in the country.
“Being able to attract candidates of such a high calibre will aid us in giving our clients the highest possible service.”
In April, Tilney reported that assets under management as of the end of December 2018 had fallen by 4.5% compared to a year earlier.
Tilney is one of a handful of firms with an office presence in the three largest cities in Scotland: Glasgow, Edinburgh and Aberdeen.
Tileny’s expansion of its service in Edinburgh copies a trend of young private banks setting up camp north of the border.
Hampden & Co and Weatherbys are two of the newer entrants to the UK’s private banking space, the former being headquartered in the Scottish capital, while the latter also has an active presence there.
“The genesis of having an office in Scotland was that we had progressively more clients who were in Scotland,” Weatherbys’ Quentin Marshall told PBI earlier this year.
“Originally that was one person in a serviced office. That number has growth. We took our own office. We’re now having to leave that office and go to bigger ones.”
Scotland has also proved attractive to financial services firms from a M&A point of view.
Wealth manager Progeny acquired Edinburgh-based Innovate Financial Services in February, with managing director Neil Moles declaring, “Edinburgh is a burgeoning commercial and financial centre and serves clients all over Scotland and northern England.”