Family office firm Fleming Family & Partners (FF&P) has hired Scott Oliphant and David Zelouf, as part of its international efforts to grow its ultra-high net worth business.
They leave Barclays Wealth, where they worked as account directors, to take on roles as senior client relationship directors in FF&P’s London-based asset management business.
FF&P has focused heavily on developing its wealth management division over recent months, acquiring Swiss high net worth wealth manager Gebhard, Corrodi and Partners in July and developing a partnership with financial planning specialist Asquith & Partners in the spring.
The company is also looking at the possibility of further appointments in the future, a spokesman for FF&P told CampdenFO.
Both Oliphant and Zelouf are well known in the ultra high net worth sector, thanks to their experience in companies such as UBS Wealth Management, Union Bancaire Privée and Goldman Sachs.
“Both have an excellent track record in building client relationships and advising individuals. And together they will play an important role in supporting the firm’s growth and development,” the spokesman said.
Prior to joining Barclays Wealth Management in 2009, Zelouf was a founding partner of Lemur Capital, an independent wealth and asset management firm. Oliphant, who also joined Barclays in 2009, previously held the role of executive director at UBS Wealth Management.
FF&P, which was established in 2000 by the Fleming family following the sale of Robert Fleming & Co, has assets under management of around £4 billion. Since the first non-Fleming client joined FF&P in 2002, over 40 further relationships have been developed.