Neil Clare, a senior analyst from Standard & Poor's Fund Services, has joined a number of former S&P colleagues at Investment Manager Selection (IMS).

IMS is boosting its staff on the back of £200m (€312.2m) worth of new business from two institutions as well as three family offices. Most recently Way Fund Managers selected IMS to manage its global portfolio of fund of funds unit trusts totalling £60m. IMS now manages more than £1.4bn of assets.