London-headquartered Investec has made senior appointments to its wealth and investment and asset management businesses.

Investec Wealth & Investment has hired James Kempson as senior financial planning director, while Investec Asset Management has hired Iain Cunningham as a portfolio manager within its multi-asset team.

Kempson joins after five years with Killik, where he was partner and associate director of wealth planning.

Meanwhile, Cunningham joins from Schroders, where he spent nine years in investment management roles within the multi-manager and multi-asset teams. He co-managed the Schroder ISF Global Multi-Asset Income Fund and the Global Multi-Asset Allocation Fund, and ran the Global Tactical Asset Allocation mandate. Schroders confirmed Cunningham's planned departure back in March.

As part of the 31-strong multi-asset team, he will report to Michael Spinks, co-head of multi-asset growth at Investec Asset Management. Strategies managed by the team include total return, relative return growth and defensive income.

“We are excited about Iain joining the team given the asset allocation skills and experience that he brings with him. In addition to portfolio management responsibilities, Iain will help to develop Investec’s multi-asset capabilities globally, with a specific focus on our long-standing relative return growth strategies,” said Spinks.