Fund management boutique Whitman Asset Management has announced the launch of its new private client investment management division, thewealthnet can reveal.

The firm also announced it has hired Victoria Stevenson, an investment manager from Quilter Cheviot, to head the new business alongside Michael Pallett, a veteran of Laing & Cruikshank, UBS, and former consultant to Cheviot.

Whitman AM said in a statement that it will be looking to add further experienced private client investment managers in the months to come.