Gerrard, the UK private banking firm, has appointed Patrick Crosthwaite as chairman of its investment process commitee, which is responsible for investment process and policy.

Crosthwaite was previously a director of Carr Sheppards Crosthwaite, part of the Investec group. At the same time, Gerrard lost David Hannibal, a fund manager, to iimia, a rival private asset management firm launched in April last year. Iimia's assets under management total £150m (€219m) following its merger last year with Eveleigh & Huckle, an independent financial adviser.