Investment firm Momentum has added the former chief executive of Bankhall to its board.

Peter Mann becomes non-executive board director of Momentum Global Investment Management this Spring.

The business stated it was looking to expand its outcome-based investment propositions in the UK retail market.

With a career spanning 30 years, Mr Mann began his work in financial services with Scottish Amicable before becoming Development Director and then CEO of Bankhall, the IFA group from 2002 until 2008.

Mr Mann then moved to Skandia UK, becoming CEO in 2009.

Prior to his retirement in 2014, he acted as vice chairman at Old Mutual Wealth Management Group.

Momentum cited his "vision and understanding of the need for holistic advice and financial planning", saying it "aligns closely" with its values.

The firm added that his experience in the wealth management industry and his "ability to connect with the broader financial adviser community" will "help bring Momentum’s solutions to life in the UK retail space".

Mr Mann said: “It’s an exciting time to be joining Momentum, during a period of focus and growth in the IFA segment. I look forward to being part of the company’s next stage of development, bringing outcome-based investing to the forefront of adviser investment solutions.”

Ferdinand Van Heerden, chief executive at Momentum, said: “Peter will undoubtedly bring a significant contribution to our UK business. His track record speaks for itself and his unique understanding of the UK wealth management market will bring much value to what is already a dynamic UK team.”