The firm, which manages more than £700 million of assets for clients throughout the UK from its offices in the capital’s west end, said two new directors have been appointed in key strategic and development roles.
The executive changes have been driven as part of the firm’s development and acquisition plan designed to ensure it remains “at the forefront of the UK market”.
The new executives have each acquired an undisclosed shareholding within the business as part of the deal.
Director Raymond Milne said: “As Melville continues to grow and deliver against its strategy we believe the changes in our executive team will ensure the future of the business and enable us to continue to deliver excellence to both our current and new clients.”
Matthew Irvine joins the board with key responsibilities in the development of the asset management proposition.
He said: “I am hugely proud to be joining the management team at Melville Independent. I look forward to the challenges involved and developing the business on a number of different fronts.
“It is an extremely exciting time for the financial advice sector, and we are particularly keen on developing the next generation of advisers to ensure the future of the business and our clients.”
Kristofor Banks, who joins the board to enhance the firm’s strategic and acquisition structure, said: “Melville Independent is a great business with an excellent and experienced team.”