Wealth management and financial advice group Tavistock has a new investor who has bought a £650,000 stake, as the firm looks to start a new acquisitions programme.

The new investor is Hugh Simon, the chief executive and owner of Hamon Investment Group, a 1989-founded asset management group based in Hong Kong and London. Mr Simon takes a 4.94 percent stake in the firm.

In the UK, Hamon Group owns GEM (global emerging market) equity fund manager, Blackfriars Asset Management, which it acquired from BNY Mellon in 2011.

BNY Mellon had a strategic equity stake in the Hamon Group for 18 years until 2016 when Mr Sim...