Colin Lester, previously co-director of London-based Wildlife Entertainment, has launched a new management company, CLM.

Lester will continue to represent U.K. R&B artist Craig David and one of his first moves was to hire Adam Hollywood, recently departed Warner Bros. U.K. GM (Billboard.biz, Oct. 2), as a consultant for the release of David's new hits collection. "Greatest Hits" is out on Nov. 24 via Warner Bros. Records.

Lester and David were recently honored by Southampton Solent University. David, who's from Southampton, was awarded an honorary doctrate in music and Lester was given a Fellowship in recognition of his work with the singer; Lester will also support the university's music management course.

CLM became effective last month when Lester split with long-term management partner Ian McAndrew. “We decided we wanted to pursue our own visions in a fast changing business,” Lester told Billboard.biz. “My company will be defined by the artists it signs.”

He described CLM as a “broad-based” management company, adding that “all revenues that are available to artists have to be explored.”

“We have to operate in a different way, in a faster way and attract consumers in a different way,” said Lester, adding that he’s particularly keen to explore synch licensing opportunities for his artists.

David will go into the studio in February to record a new album for likely release in August.

Lester represents other acts including singer-songwriter Remi Nicole, who released her debut set “My Conscience & I” (Island) in December 2007.

Lester, who was previously A&R director at Wildstar Records, added that CLM may also issue digital releases by its artists.

“As a management company, we will have the ability to record, Market and release artists’ records,” he said. “With distribution online, we no longer need the same set-up.”