Mr Crabb had been Shaw and Partners’ head of research for six years, the statement said. Head of equities Mike Ryan will assume responsibility for the institutional and research functions within the business.
Shaw and Partners co-chief executive Earl Evans said the firm’s investment offering is now significantly broader and it has become important for Shaw and Partners to have a dedicated CIO.
“We have been allocating significant resources, for some time, to ensure we have the right mix of investment choices for both our advisers and our clients, and we have made the decision that this needs to be strategically overseen by someone with the knowledge and the experience to broaden both the reach and the scope of our advice and our product offerings,” he said.
Mr Evans added the growth in the firm’s adviser numbers is due to its offering.
“We have been able to attract some of the best advisers and institutional investment specialists in the market because we have been very clear from the outset that we want to provide our clients with an evolving, comprehensive and value enhancing offering,” he said.
“Having someone with Martin’s experience overseeing this most important function in our business means we are well placed to continue to grow our services to clients and the support we provide to our advisers.”
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