The bank, which is headquartered in Wellingborough, Northamptonshire, recently appointed Jacqui Low to its advisory board as part of its Scottish growth plans.
Credo has a strong track-record of managing long-only, value-based direct equity portfolios with a bias towards developed market, large-cap stocks.
PAM invests across the asset management spectrum utilising active, passive and smart beta strategies. Portfolios are constructed using two complementary approaches, built to work together.
Director remuneration was £242,717 against £156,772 in 2016, while £376,585 was spent on redundancy costs last year, with no figure provided for 2016.
More than 50,000 accounts have been opened since Marcus launched to UK customers on September 27, the bank said.