Signia Wealth, the UK-based multi-family office which was established in March this year, has moved its operations from the City to the West End in London as part of its ongoing expansion.

The recently-created firm, which has in excess of £1 billion (about $1.6 billion) in assets under supervision, has already gained over 30 clients and increased its headcount to 19 staff, Signia said in a statement.

“The move enables us to continue to facilitate the needs of our clients, build on our growing reputation and increase our client base and accommodates our on-going personnel requirements,” said Nathalie Dauriac-Stoebe, chief executive at Signia Wealth.

In other recent developments, earlier this month Signia Wealth appointed Mark Elliott from Barclays Wealth as managing director.