Alliance Trust Savings boss bolsters top team

Dundee wealth manager Alliance Trust Savings (ATS) has announced two additions to its executive team.

Alliance Trust Savings managing director Patrick Mill

Ed Carey joins the firm as sales director, while Peter Docherty has been appointed risk and compliance director. ATS said the appointments complete its executive team following the decision for it to become a standalone business with its own management and independent board.

Carey, who will be responsible for the intermediary and partnership channels, has more than 20 years’ experience in investment, pensions and platforms. He joins ATS from specialist pension provider City Trustees, where he was managing director, and previously spent 12 years at investment platform Cofunds.

Docherty has worked in financial services for more than a decade, holding risk management roles with KPMG, Lloyds Banking Group and Aegon, the Edinburgh-based life and pensions firm. Before joining ATS he was chief risk officer at Scottish Friendly.

ATS managing director Patrick Mill said: “The appointments of Ed and Pete complete our dedicated executive team focused on growing the scale of the business and delivering a meaningful profit in 2016 and beyond.

“This is an exciting time for Alliance Trust Savings, operating as a standalone business. We have ambitious plans to grow our assets under administration to around £40 billion by 2020 and I am confident that with Ed and Pete’s experience alongside our existing executives, we have the right team in place to achieve this goal.”

As of June 2015, ATS administered £7.2bn of assets. The firm is a subsidiary of Alliance Trust, which earlier this month named Lord Smith of Kelvin as its new chairman.