Steve Herkes has been appointed as the new managing director of Gilson Gray Financial Management (GGFM) LLP, the investment arm of law firm Gilson Gray.

Mr Herkes will be responsible for the strategic direction of the business, including securing new business opportunities. He will also be directly involved in recruitment, as well as leading future merger and acquisition activity. 

He joins GGFM from St. James's Place where, as head of business and regional manager, he led its financial planning approach. He will work alongside current GGFM Managing Partner, Alastair Lindsay, who will direct his focus to client matters and into developing a niche private client offering further adding to the GGFM service range.

Glen Gilson, Group Chairman and Managing Partner at Gilson Gray, said: “Steve’s unrivalled knowledge and expertise will greatly assist our ambitious expansion plans and overall business development. He is an expert in building teams, supporting businesses and generating the best outcome for clients. I have no doubt that both he and Alastair will together be able to create an even more formidable financial organisation which will become one of the largest investment businesses in Scotland.”

Mr Herkes said: “It is a great privilege to work with Gilson Gray and be able to contribute towards the firm’s ambitious plans over the coming years. Having already worked closely with the team over the last year, I hope to build on the firm’s success in planning for continued sustainable growth, by identifying new talent and capitalising on key market opportunities.”