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They are joined by Dickinson Gallery manager Max Weaver, who will join as gallery director at the newly formed Ward Moretti dealership.

It is based in Moretti’s gallery at 12-13 Duke Street in St James’s, which recently reopened over three floors covering 8600 square feet after a significant extension and refurbishment.

Ward Moretti, which will have a separate entrance at 12 Duke Street, will focus on 19th and 20th century artworks from the Impressionist, Post-Impressionist, Modern and Post-war periods, working next door to Moretti Fine Art, which focuses on Old Master paintings, sculpture and Italian art.

Ward has spent 24 years at Dickinson Gallery working with Roundell in the Impressionist & Modern department, rising to managing director in 2010.

Roundell is joining Ward Moretti as a consultant. He started at Dickinson in 1995 when he left Christie’s to establish its Modern art arm in London and New York.

Ward said: “Having spent my entire 24-year career at Dickinson Gallery, including the last 12 years as managing director, it felt like the right time to strike out on my own and I couldn’t have hoped for a better business partner than Fabrizio Moretti.”

The new firm will specialise in all mediums from painting and sculpture to works on paper, and focus on providing advice on buying, valuing, conserving and selling across auction, private sales, commercial galleries and fairs.

Simon Dickinson, who founded Dickinson in 1993 after working as a director at Christie’s, said: “I would like to thank James Roundell and Emma Ward for their many years of outstanding service to the company. Dickinson will shortly announce a major and exciting new development regarding the company’s future trajectory.”