Mo Baluchi, previously head of intermediaries at Credit Suisse, has joined the company as Business Development Director.

The appointment follows a year in which Quilter Cheviot’s Jersey office grew its funds under management by 14%. The office also celebrated the 40th anniversary of its presence on the island in 2013.

Office head Tim Childe said: “Mo is a welcome addition to the team here. His appointment is a reflection of our growth during 2013 and our confidence in relation to growth prospects for the future.

“Mo is a highly regarded finance professional who brings with him a wealth of expertise and unrivalled contacts within the intermediary and introducer marketplace.”

Quilter Cheviot CEO Martin Baines described the Jersey office’s 2013 growth as ‘stellar’ and said it had helped the business nationally break the £15bn* barrier for funds under management.

He added: “The growth is testament to the quality of our investment advice and the character of our relationships with clients and professional intermediaries.”

Baluchi will cover business development with intermediaries, introducers and high net worth private clients and will be working alongside Quilter Cheviot’s existing business development executive in Jersey, Chris Scott.

Mo has lived in Jersey for 10 years and in his spare time likes to spend time with his wife and three children. He is also a Director at the Lions Club of Jersey, a Chartered FCSI and a Chartered Wealth Manager.

Quilter Cheviot has an experienced team working across national, international and regional market-places, with significant expertise in dealing with multi-currency solutions.

Mr Childe added that the firm, which operates across 13 locations in the Channel Islands, UK and Ireland, intended to capitalise on its record for consistency and quality of performance.