Wealth manager and Financial Planner Evelyn Partners has appointed David Rankin as a new managing partner in Scotland, covering its Edinburgh and Aberdeen offices.

Mr Rankin has more than 30 years’ wealth management experience and joins Evelyn from Investec’s Edinburgh office where he was a senior wealth planning director.  

For the last decade he has been specialising in assisting clients with advice following a business sale. He works with lawyers, accountants and financial advisers to manage pension funds, trusts and corporate funds.   

Evelyn has also appointed three experienced practitioners to its Edinburgh team as it expands its significant presence in Scotland.  

Neil Grant joins as an associate director from Acumen Financial Planning and Leanne Cassidy has been appointed as an associate director in the Edinburgh Financial Planning team and joins from Schroders Personal Wealth. Lisa Mcleod has become an associate director in the Edinburgh investment management team, joining from Redmayne Bentley. She will split her time between the Edinburgh and Aberdeen offices. 

Evelyn Partners’ roots in Scotland go back to 1881, the firm says. Today it is one of the country’s largest wealth managers, with more than 400 staff in Scotland based in offices in Aberdeen, Edinburgh and Glasgow.

Last September it announced that it had signed terms to relocate its teams in Glasgow to a new landmark development at 177 Bothwell Street. 

Paul Frame, regional managing partner Scotland & Northern Ireland at Evelyn Partners, said: “I am delighted to welcome our new colleagues to Evelyn Partners in Scotland. As managing partner, David will lead our  teams in Edinburgh and Aberdeen, and I look forward to working closely with him as we continue to develop and grow our business in Scotland. David has extensive senior wealth management experience and knows the local market well which will be invaluable to the group.  

“The fact that we are also hiring experienced practitioners such as Neil, Leanne and Lisa, demonstrates that we are committed to further expanding our presence in Edinburgh, meeting client demands, following upon the acquisition of the CRM and MP2 Financial Planning businesses in the city last year.”  

Mr Rankin said: “I am excited to be joining Evelyn Partners in Edinburgh and Aberdeen as the region is growing rapidly. The combined wealth offering  at Evelyn Partners is unique and will certainly be attractive to both clients and professional connections.” 

Evelyn Partners was created following the merger of Tilney and Smith & Williamson. It has £52bn in assets under management as at 30 September 2022. The firm has a network of offices across 26 towns and cities in the UK, as well as the Republic of Ireland and the Channel Islands.