Stonehage has appointed one of the longest-serving dealmakers in the City of London as a non-executive adviser, as boutique wealth managers continue to add high-profile names to their boards to bolster their profiles.

David Reid Scott has been brought in as a non-executive chairman on Stonehage's advisory board. Giuseppe Ciucci, chief executive of Stonehage, said Reid's "strategic and financial insight will be invaluable" to the firm and that he will be able to provide "a unique depth of multi-disciplinary expertise" to clients.