Dr Tim May has been appointed to the Investec Wealth & Investment board as a non-executive director and a member of the remuneration and audit committees.

Mr May has had a long career in the wealth management industry and brings extensive commercial, governance and regulatory experience to IW&I.

His previous roles include chief executive of the Wealth Management Association (WMA), chairman of Euroclear º£½ÇÊÓƵ and Ireland (formerly CrestCo), chief executive of CrestCo and chief operating officer of Gerrard.

From 1987 to 2002 Mr May held a number of senior positions in IW&I when it was branded Sheppards and subsequently Carr Sheppards Crosthwaite, as well as in the wider Investec Group.

Jonathan Wragg, chief executive of IW&I said: “We warmly welcome Tim to the board and look forward to working closely with him. 

“He has a wealth of experience gained from his senior leadership and operational management roles and will be a great asset as we take IW&I to the next phase of its development. 

“Tim’s decision to return to IW&I after having already enjoyed many successful years here underlines our growing reputation in the market.â€

Mr May said: “I am delighted to be joining the IW&I board at this important time. IW&I has built a leading position in the industry during a period of significant change.

“I have no doubt that the firm will capitalise on the opportunities ahead and I am looking forward to playing a part in its continued success story.â€