Fleming starts on July 1 and will replace Hugh Grootenhuis, who is stepping down after six years, Waverton said in a statement, without giving further details.

Most recently, Fleming was the chief executive of Cumulus Group. Prior to that, he served as chief executive and chief investment officer at Kames Capital.

Waverton manages about 4.6 billion pounds in assets.

(Reporting by Nishant Kumar; editing by Simon Jessop)