Mohammad Kamal Syed, formerly managing director at the private bank, will step up to become head of global markets responsible for the delivery of discretionary portfolios and mandates and will also join the firm’s board, subject to governance approval.
He will continue to oversee the strategic solutions team working with ultra high net-worth (UHNW) clients and will remain chairman of the investment committee responsible for all key investment decisions.
Camilla Stowell, head of Coutts’ private office, will also take on an expanded role as head of wealth and investment management responsible for leading the firm’s portfolio management, investment platform, investment delivery and wealth structuring teams.
Peter Flavel, chief executive of Coutts, said the firm was renewing its business strategy for investments following growth over the past year.
"It’s a great time for Coutts," Flavel says.
"In 2016, we grew our investment assets under management by £2bn, our investment performance sits at the top quartile over one and three years and our disciplined investment process and principles continue to drive results.
"We believe we have the best people in the industry working for us and also the most admired client base in the world.
"This sharpened focus on investment management is being recognised by our business growth and this reorganisation ensures we have the right people leading the right teams to deliver against our renewed strategy."