Investec Private Bank has strengthened its wealth management arm by hiring advisers from Lord Rothschild's Spencer House Capital Management and Coutts & Co, the UK private bank owned by Royal Bank of Scotland.

Catherine Kirchmann, who will look after clients in countries including South Africa, used to be a marketing associate at Spencer House, where she was responsible for business development, which has been affected by disappointing performance. She was previously a portfolo director at GAM London.