Boutique investment manager Capital Financial Markets (CFM) has hired two industry grandees as it looks to expand its wealth management service for private clients.

The London-based firm has appointed former Macquarie Securities head of cash trading Andrew Stancliffe, who has taken a stake in the firm, to its board of directors. Stancliffe has also held senior positions at Investec and Merrill Lynch.

Robin Boyle (pictured), who recently stepped down after 20 years as head of small-cap investment trust Athelney, has also joined as an investment manager responsible for private client portfolios. Athelney was one of the original 10 members of the AIM exchange at launch in 1995 but is now quoted on the main London Stock Exchange. Boyle started in the industry in 1964, and founded stockbroker Dunbar, Boyle and Kingsley in the 1980s before eventually selling the firm.

CFM partner Paul Coffin said: “We are delighted that we have two such well known City figures joining us. Their unparalleled knowledge and extensive experience will be of great benefit to us and our clients.”

Launched in 2013, the firm originally provided stockbroking services and was granted direction permission from the Financial Conduct Authority in April 2017.