JULIE JONES, who joined Leeds-based investment firm Myddleton Croft three years ago as a director, is to become its managing director from July 1.
She will work closely with founder David Cowell who becomes chairman, and Patrick Toes, investment director.
Ms Jones has over 20 years’ experience in business development and was previously head of UK retail sales for BNY Mellon for six years, formerly Newton Investment Management.
Since joining Myddleton Croft in 2012, she has been responsible for business development and building key relationships as well as raising awareness of the firm’s discretionary fund portfolios.
Myddleton Croft has seen 55 per cent growth with assets under management increasing from £45m to the current level of £70m over the last three years.
Mr Cowell said: “With her wealth of experience, Julie further strengthens our commitment to providing a first class discretionary management service.
“Julie’s new role is a natural progression – she will maintain her business development responsibilities while also taking on more of the day to day management of the firm.
“Julie has proved adept at gaining more recognition for our successful discretionary portfolios whilst also continuing to expand the number of independent financial adviser firms and individuals who use our investment services.”
Myddleton Croft plans to achieve £100m of assets under management within the next 12 to 18 months. Ms Jones said: “Smaller discretionary management firms like Myddleton Croft have proved able to differentiate themselves by providing a bespoke, personal service and good returns to IFAs and individuals.”