Signia Wealth, the UK boutique that saw the departure of its founder and head a few weeks ago, has brought back a team of former senior managers at the firm.

(The story is republished today for the benefit of readers who may have missed the item when it was released here yesterday afternoon.)

A team that left UK boutique wealth manager Signia Wealth, which recently saw the sudden resignation of high-profile founder and head Nathalie Dauriac-Stoebe, has rejoined the firm to form its new leadership team.

The team is made up of Carnegie Smyth, managing director; Etienne de Merlis, chief investment officer; and Greg Malone, head of wealth management, Signia Wealth said in a statement yesterday.

The trio left Signia Wealth last year to launch Squared Investments, a wealth management company advising entrepreneurs. That firm, the press statement said, had a “guiding principle” of aligning the business with the interests of clients. “This ethos will now be replicated at Signia Wealth, following the trio’s decision to re-join the firm,” the statement said.

There is no change to the ownership structure of Signia Wealth, a spokesperson told this publication.

In its statement, Signia Wealth said it was “confident that the collective strengths of the new management team will enable the business to develop, grow and deliver financial success for its clients.”

The new management team will be led by Smyth and supported by Paul Lester, chairman, who will be “dedicating additional time to support the business during this period of growth”, the firm said.

“A key focus for Paul is a commitment to reinforce and strengthen Signia Wealth’s corporate governance structure, through the recruitment of senior industry-experienced individuals and non-executives to support the management team,” the statement continued.

“Signia Wealth is proud of the immense talent of its team and its ability to attract key individuals such as Carnegie, Etienne and Greg. As a management team they have the right knowledge, and experience to successfully drive the business strategy of Signia Wealth. This is an exciting time in the business's evolution and the company looks forward to working with them to deliver excellent service and independent investment management to our clients,” Lester said.

Smyth said: “Signia Wealth is the perfect platform upon which we can develop our business philosophy. As a team we share the same vision and values in seeking to provide our clients with a service which is at the forefront of the wealth management industry."

At the time of Dauriac-Stoebe’s resignation, the firm did not give specific details as to her future plans.