Money Management

Liontrust brings on head of institutional business

Frank Doyle was named head of institutional business at Liontrust Asset Management, a spokeswoman said.

The position is new. Mr. Doyle will start in September and be responsible for expanding the institutional business.

"(Mr. Doyle) is a key appointment in the continued growth of Liontrust. The commitment to active management and the emphasis on robust investment processes has been one of the driving success factors of the group. (His) appointment will help us further develop the institutional demand we are already seeing, coupled with the broadening of our investment capabilities," CEO John Ions said in a news release.

Mr. Doyle was previously sales director at Investec Asset Management, where he was responsible for developing and implementing global consultant plans along with the U.K. and Irish institutional business. A spokeswoman could not provide details on the replacement.

Liontrust has 11.3 billion ($15 billion) in assets under management, including 1.1 billion in institutional AUM.