Money-Coutts joins from Saltus Partners, where he was a partner, chief financial officer and chief operating officer. Before this he was head of corporate broking at Bridgewell Securities, advising mid and small cap UK-quoted companies.

In other recent news, in April Charles Stanley appointed Rob Morgan as a pensions and investment analyst, as part of its new direct-to-client investment service team which launched this year.

Charles Stanley saw total funds under management and administration - at 31 March 2013 - reach a new high of £17.7 billion ($27.2 billion), up by 15.3 per cent from £15.4 billion at the same time last year.