Octopus Investments has appointed a new strategic partnerships manager to support the company’s growing activity in the wealth management market.

Lotfi Ladjemi has joined Octopus from Draycott Capital, a fund raising and advisory boutique that he co-founded.

He previously worked for Amundi Asset Management, where he was responsible for managing accounts with key global financial institutions including UBS and JP Morgan. Prior to this he worked for Citi Private Bank, where he managed relationships with UK family offices and institutional clients, and Macquarie Bank.

Mr Ladjemi appointment follows that of Tim Lambert’s last month, who joined Octopus’ rapidly expanding Stategic Partnerships team.

Steve Skelding, head of wealth management at Octopus, said: “Lotfi brings in-depth knowledge of the wealth management industry and has a strong understanding of investors’ needs, both of which will prove invaluable as we work more closely with the wealth management community.”

Mr Ladjemi, said: “I am looking forward to working with the team at Octopus to develop our relationships with private banks and wealth management firms. Octopus has a rapidly growing presence in the wealth management market on the back of its proven and successful track record of delivering innovative and tax efficient investment solutions for investors. It’s an exciting time to be joining as we expand our services to the wealth management community.”

Octopus Investments is a fund management business specialising in several sectors including healthcare, energy and smaller company investing.