Mr Pemberton said he was “thrilled to have come full circle and to once again be part of the Quilter Cheviot team."

Head of Quilter Cheviot’s Jersey office Tim Childe added: “We are delighted to welcome Richard back to Quilter Cheviot; he returns as a specialist in lower risk investment solutions and will bolster our offering in this space having built a solid reputation in delivering consistent returns over the last 20 years.

"I have no doubt that his knowledge and expertise will further strengthen our team here in Jersey and enable us to continue to deliver an excellent service to our clients both locally and internationally.”