Novia has hired Scott Adams as regional sales manager for Scotland, part of moves by the wrap platform to double the headcount of its sales team to 20 over the coming months.

Adams joins from Zurich, where he was an executive sales consultant for around 16 years. In his new role, he will report to Paul Boston, sales and marketing director, and his addition takes the sales team to 10 people.

Novia said it plans to double the size of team as it thinks it can benefit from opportunities related to the Retail Distribution Review changes, making many IFAs and wealth managers join networks and outsource aspects of investment.

In mid-June, Novia said new business inflows were up by 16.8 per cent from a year before, as well as noting that the number of IFAs signing new terms of business was also at a record high.