One of the City’s top fund managers, Alan Miller, is back in the limelight. According to reports, Miller, the former manager of asset management company New Star, has teamed up with Alexander Spencer-Churchill, the socialite and scion of the Churchill family, to establish a new wealth management group.

Miller left New Star two years ago following a bitter public divorce in which he was ordered to award a £5 million settlement to his wife.

The new venture, Spencer Churchill Miller, is due to be launched next month in Knightsbridge.