Mr Mumford’s role will be to help Marlborough Investment Management develop and grow its managed portfolio service for financial advisers.
The company says this will be achieved by “building on Marlborough’s existing relationships with IFA firms and actively developing new ones.”
Mr Mumford, who has over 30 years’ financial services experience, has previously held client relationship roles with Aberdeen Asset Management and Scottish Widows Investment Partnership.
Prior to that he was head of investment marketing at HBOS.
Richard Goodall, director of strategy and business development for the Marlborough Group, said: “Mike’s a great addition to the team.
“He’s an experienced, highly capable professional with exactly the qualities needed to help develop our DFM service and work with our IFA partners to support their growth.”
Mr Mumford said: “Marlborough’s in a very strong position to develop successful relationships with IFAs.
“The group combines a reputation for first-class investment expertise with a scale and culture that means it can work effectively with financial advisers to meet their needs in a rapidly evolving industry.”
Marlborough Investment Management has been managing investments since 1985. The company offers discretionary fund management services for IFA clients, high net worth individuals, charities, pension funds and trusts.
In addition to the discretionary fund management business, the Marlborough Group includes UK-authorised and offshore fund management companies, together with a fund services business that provides Authorised Corporate Director (ACD) and fund hosting services.