Merger celebrated with best overall large firm win at Citywire awards

Leading asset management company Quilter Cheviot has won a prestigious industry award and broken the £15bn barrier for its funds under management. 

Quilter Cheviot Investment Management, which has offices in 13 locations across the UK, Jersey and Ireland, has been named the best overall large firm at the Citywire Wealth Manager Investment Performance Awards. 

The win follows the appointment of the new chief operating officer at the company and comes as it reveals that its funds under management are now worth in excess of £15 billion.

The Business was praised for its consistent performance in a number of risk categories and the award highlighted the successful melding of two separate businesses and cultures. 

The company, one of the largest independently owned discretionary investment firms in the UK, was formed earlier this year when Quilter and Cheviot Asset Management merged. 

Quilter Cheviot CEO Martin Baines collected the award and said: 

"Everyone has worked extremely hard to make the merger of the two businesses a success. At the same time we have continued to deliver for our clients, and are delighted to celebrate this award as the value of our funds exceeds £15 billion: 

The firm also recently announced the appointment of Matthieu Duncan to the new role of Chief Operating Officer. He joins the firm from newton Investment Management, where he was Head of Business Strategy. 

Prior to Newton, Duncan held the position of Chief Investment Officer – Equities at Cambridge Place Investment Management, having spent the bulk of his earlier career at Goldman Sachs where he held the position of Managing Director. 

Duncan, who will join the Executive Team in driving firm's ambitious growth plans and future strategy, said: "I am delighted to be joining Quilter Cheviot at such an exciting time and look forward to being part of the future success of the business."