Psigma Investments Management has hired Frank McGarry as its director of business development and marketing. McGarry left Legal & General Investments in September last year.
McGarry will report to Psigma chief executive John Howard-Smith. Prior to working at L&G Investments, McGarry was the director of intermediary distribution at Insight Investment and the sales director at Cofunds.
Howard-Smith said McGarry has would be “highly valuable” to Psigma in its “ambitious growth phase with a focus on the intermediary marketplace”.
“We feel confident that we can achieve these targets with our excellent and stable team, solid infrastructure and high quality investment performance,” he said.
“Our greatly expanded marketing team will continue to ensure that we remain client focused with excellent service as the bedrock of our offering, as we have done for the past decade.
“This is a further sign of our commitment to the intermediary having just slashed in half the annual management charge and minimum investment on our managed portfolio service.”