Reporting to Jonathan Polin, group chief executive officer, Palmer will work closely with David Esfandi, managing director of the asset management business.

Latterly, Palmer was the founding chief executive at Generali, for the company’s London-based portfolio management business. Prior to this, he was head of private clients for the investment management arm of the merchant bank Rea Brothers, following an early career as a fund manager and stockbroker.

In other recent hires at the firm, last month, Ashcourt Rowan named Emily Morris as its new group head of marketing, responsible for the firm’s marketing and business development activity, as it seeks to grow its business nationally.