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Hewitson Becke & Shaw has poached pensions expert Andrew Lowin from Cripps Harries Hall to head its new financial services department
Lowin will offer an investment service from the firm's Cambridge office. He was at Cripps Harries for more than six years, in charge of pension funds and remuneration.
The services Hewitsons will offer include bespoke portfolio management for individuals, trusts, pension funds and charities, as well as acting as a pensions and employee benefit consultancy and advising on remuneration packaging.
Lowin said Hewitsons had £14m available to begin work on. It took eight years for Cripps Harries to build up its portfolio of £121m of funds under management and Lowin said he hoped Hewitsons would follow suit.
He said he expected the department to grow quickly because Hewitsons was a larger firm than Cripps Harries, with many major clients who would provide work.
Hewitsons said the firm had two qualified fund managers, while one of the partners, Sue Hughes, was currently moving into the area, bringing the team up to three.
Hewitsons managing partner Alan Brett said of the move: "The changing role of the legal profession is demonstrated in the way that more and more of our clients require us to provide a comprehensive and independent service in terms of financial and investment advice."