Hugh Titcomb has been named chief executive of Thomas Miller Investment, in the latest in a series of changes at the London-based investment arm of Thomas Miller.
Titcomb, pictured, succeeds Mike Balfour, who has left the company.
A Fellow of the Chartered Institute of Bankers, Titcomb comes to Thomas Miller from Brown Shipley & Co, where he had been head of private banking, and based in its London office.
During his 30-year career in banking and financial services, in addition to Brown Shipley, Titcomb has served as vice chairman and group CEO of Sanlam Private Investments UK; group CEO of Ansbacher Group; and managing director, retail fund administration, for the Bank of New York.
In other news at Thomas Miller Investment, managing director David Thomas has been promoted to chairman, and Tom Richards succeeds him as MD. Thomas succeeds Ian Jarett in the chairman’s role, as Jarett is retiring in July. In his new role as MD, Richards retains his previous role as head of Private Investment Management (Offshore).
Thomas Miller Investments said the moves followed “a busy period for the business”, which has seen significant growth. Assets under management and locally-employed staff numbers “have continued to expand, as the business has attracted on- and off-island clients”, it noted, referring to the Isle of Man, where it has an office that caters to international investors.
Founded in 1885, Thomas Miller, the parent of Thomas Miller Investment, is an independent and international provider of insurance, professional and investment services. The company’s origins are in the provision of management services to mutual organisations, particularly in the international transport and professional indemnity sectors.
Thomas Miller also manages insurance facilities for all the self-employed barristers in England and Wales, as well as trustees of pension schemes, patent agents and housing associations.