David Reid Scott, the chairman of corporate finance boutique Hawkpoint Partners, has become a partner of Beaumont Capital Management, Michael Dobson's new fund management firm.

Reid Scott and Dobson were former colleagues when they worked at Morgan Grenfell. Dobson went on to become head of Deutsche Asset Management but left during Deutsche Bank's merger discussions with Dresdner Bank, subsequently aborted. Reid Scott will continue as Hawkpoint chairman, working four days-a-week, and one day at Beaumont.