WEALTH manager Charles Stanley has joined Scottish Financial Enterprise (SFE), the body which represents the financial services sector, as it looks to grow its presence north of the Border.

The London-listed firm, which has £24 billion of assets under administration, currently has 45 staff based in Edinburgh

And it said joining SFE will help it unlock its growth potential in the Scottish market, where it has “focused” plans to expand.

John Redpath, executive director of financial planning for Charles Stanley Edinburgh, said: “As one of the UK’s leading wealth managers with a growing presence in Scotland, Charles Stanley is delighted to have become a member of Scotland’s primary representative body for financial services. This is an extremely exciting move for Charles Stanley, a firm with a truly national outlook. Scotland is a leading UK financial centre where we have focused growth plans and our membership of SFE will give unrivalled access to an industry-leading network of peers.”

Members of Scottish Financial Enterprise include some of the biggest names in financial services, including banks, fund managers and insurers.

SFE chief executive Graeme Jones said: “We’re delighted to welcome Charles Stanley to our growing membership at a time when they’re looking to increase their presence in Scotland. Their decision to join Scottish Financial Enterprise signals confidence in Scotland and in SFE. They are an important addition to the SFE membership and will play an active role in the work we are doing to strengthen Scottish financial services.”