At Zurich, where he spent the last five years, Duggan was responsible for more than $30 million of new funds under administration, and specialised in taxation and trust work alongside pension, inheritance tax planning, savings and protection products. Before that, Duggan served at Prudential, where he was responsible for the South Coast and Central London regions.

In his new role, Duggan will report to James Stewart-Smith, director at Charles Stanley.

In other recent hires at the firm, earlier in the month Charles Stanley appointed Ben Money-Coutts as chief operating officer for its financial services division, reporting to director Mike Lilwall.

Charles Stanley recently saw its 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.