A wealth management firm based in London has announced it is opening its first office in Wales.
Walker Crips, which offers retirement planning, investment management and Financial Planning services, has launched the brand Walker Cambria for the Welsh market.
Andrew Morgan and Gary Waite will head the company's new branch from Swansea.
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Ex-Glamorgan cricketer Andrew Davies, who joins Walker Cambria after seven years at Brewin Dolphin, will support the management team.
Mr Morgan, originally from Carmarthenshire, has spent the majority of his career working as a fund manager at Mitsubishi-UFJ Asset Management. He also worked at BlackRock and Brewin Dolphin and has become portfolio manager at Walker Cambria.
He said: "Despite the large number of high quality IFAs in Wales, there are currently only a few discretionary fund managers based here.
"Walker Cambria will be the only firm offering a complete outsourced solution from Swansea."
Mr Waite, who also worked at BlackRock, began his career as a government economist in the Department for Culture, Media and Sport, before becoming a fund manager at CTC.
Rodney FitzGerald, chief executive at Walker Crips, said: "We recognise that the Welsh market is different from that of the rest of the UK owing to the growing local prominence of intermediaries."