Private client investment firm Standard Life Wealth has taken on five people to boost its team in the city, taking it to a total of 15 new recruits this year.

The new starters will be based in Birmingham, Standard Life Wealth’s third fixed location in the UK alongside Edinburgh and London.

The appointments are made up of two senior client portfolio managers Alastair Garvie and Gregg Henderson, client portfolio manager John Payne and two client portfolio manager assistants Eileen Morrison and Clare Messham.

Standard Life Wealth chief executive officer Richard Charnock said: “I’m delighted to welcome another five people to join us at Standard Life Wealth.

“In this year alone we have seen the team expand by over a third which highlights our commitment to growing the business.

“This expansion not only creates a vehicle to enable us to meet current business demands but will also give us a dedicated resource in the Birmingham area. The team have extensive experience in the discretionary fund management industry which makes them ideal candidates to form our new office.

“Our success of delivering superior investment performance has meant that Standard Life Wealth has been an attractive option to both clients and advisers alike since launch in 2008.

“We draw on the knowledge and experience of colleagues in the Standard Life Group who have been at the forefront of liability driven investments for over 180 years.”