AHR Private Wealth, the United Arab Emirates wealth manager which last month took over London-based Financial Planner AXG Group, has appointed a new global chief investment officer.

Iain Ramsey has joined AHR Private Wealth to oversee its investment strategy with the aim of reducing risk, improving client returns and decreasing costs.

Mr Ramsey started his career as a discretionary fund manager in the UK before being appointed as the CIO at a global investment advisory business, holding responsibility for investment strategy for their offices in The Middle East, the US & Europe.

Mr Ramsey said: “I’m delighted to be joining AHR Private Wealth. I am passionate about achieving the best possible investment outcomes for clients and I firmly believe that managing investments to the highest regulatory standards plays a big part in this. This is a belief that is shared by the team at AHR Private Wealth. A strong focus on risk management, performance and driving cost efficiencies will ensure that client outcomes remain at the core of our investment proposition.”

As part of the deal with AXG, the wealth manager said it would develop an FCA-regulated discretionary fund management service via its teams in London and Windsor, to global clients.