Happy birthday for Cheviot

CHEVIOT Asset Management has heralded a “great start” to its North West presence after reaching £170m funds under management after its first year in the region.

The London-based group, which opened its first regional operation in Liverpool in May 2011, said it had attracted clients from across the region and in Yorkshire and the North East too.

Simon Walker, senior partner at Cheviot Liverpool, aid: “Liverpool is the perfect base from which to service the North of England and we’ve had a great start in our first year here.

“Its importance and reputation as a centre of wealth management stand Liverpool in great stead, and it tends to attract investors from West to East. Cheviot’s spread of influence in the North in such a short space of time is testament to that.

“The team here has many years experience of using Liverpool as the base from which to attract clients who are located across the North”

The above-expected growth in the first year has seen Cheviot’s Liverpool team expand from 9 to 13