TIDMKWG
RNS Number : 3429H
Kingswood Holdings Limited
02 December 2020
2(nd) December 2020
KINGSWOOD HOLDINGS LIMITED
("Kingswood", the "Company" or the "Group")
Directorate Changes
New UK Chief Executive Officer for Wealth Management Business
and appointment to UK subsidiaries
Kingswood Holdings Limited (AIM: KWG) is pleased to announce
that David Lawrence has been appointed as UK Chief Executive
Officer and will become a director of Kingswood's UK subsidiaries
following regulatory approval.
David will lead Kingswood's UK growth strategy. He will report
to Gary Wilder, Group Chief Executive Officer and to the board of
Kingswood Holdings Ltd.
David has over 30 years' experience in financial services with
Lloyds Banking Group where he has held numerous senior leadership
roles in distribution and functional areas across its Retail,
Commercial and Insurance divisions.
In 2014, David became the Commercial Director and then Chief
Operating Officer for Lloyds' Private Banking and Wealth businesses
with additional responsibility for its Mass Affluent proposition
and strategy.
Over the last two years, David has played a lead role in the
establishment of Schroders Personal Wealth (a joint venture wealth
management business between Lloyds Banking Group and Schroders).
David became Chief Commercial Officer for this business in March
2019 with primary responsibility for its client proposition, client
experience and business development.
Gary Wilder, Group CEO at Kingswood commented: "I am delighted
that David has agreed to join Kingswood as our U.K. CEO to drive us
through our next exciting phase of growth. As the business
continues to expand, we want to ensure we have an experienced
industry leader in place to accelerate our growth plans including
our best in class DFM proposition and to drive synergies and
efficiencies from our integration efforts. In David we believe we
have that person".
David Lawrence, UK Chief Executive Officer added: "Kingswood has
a clear ambition to build a leading wealth management business in
the UK (and internationally) and I am delighted to be joining the
business at such an exciting time.
"The UK business has a healthy pipeline of acquisition
opportunities and my early focus will be on converting these,
integrating them and delivering accelerated organic growth through
our regional hubs.
"A complimentary focus on creating enhanced client experiences
through an optimal blending of technology and adviser interaction
and the development of progressive, relevant and great value client
propositions, will further fuel growth as well as bringing
operational efficiencies."
Directorate Changes
Patrick Goulding, who has played a number of key roles in the
development of the Kingswood business over the last two years, will
from 1 January 2021 focus his efforts full time on the Group Chief
Financial Officer role. The Kingswood business is now of a size and
scale that requires his full time efforts in this critical function
to manage our growth journey. In the coming months Patrick will
also support David's transition into his new role. Patrick will
step off the board of Kingswood Holdings Limited on 1 January 2021,
but will also continue as a director of Kingswood's UK
subsidiaries.
Graydon Butler will also be stepping off the board of Kingswood
Holdings Limited on 1 January 2021.
Buzz West, Group Chairman said: "Patrick has been an integral
leader of our business over the last two years as we built a
foundation for growth and the Board is pleased he has agreed to
assume the Group Chief Financial Officer on a full time basis as we
continue to expand. I would also like to thank Graydon for his
service to the Company. I am delighted to welcome David to
Kingswood and look forward to the next exciting phase of our
development."
ENDS
For further details, please contact:
Kingswood Holdings Limited
Gary Wilder
+44 (0)20 7293 0730
www.kingswood-group.com
Peel Hunt LLP (Nomad and Broker)
James Britton / Rishi Shah
+44 (0)20 7418 8900
Greentarget (for Kingswood media)
Jamie Brownlee / Alice Gasson / Ellie Basle
+44 (0)20 7324 5498
Jamie.Brownlee@greentarget.co.uk
About Kingswood
Kingswood Holdings Limited (trading as Kingswood) is an
AIM-listed (AIM: KWG) international fully integrated wealth
management group, with around 16,000 active clients and circa
GBP5.0 billion of Assets under Advice and Management. It has a
growing network of offices in the UK including Abingdon, Beverley,
Darlington, Derby, Egham, Grimsby, Hull, Lincoln, London,
Maidstone, Newcastle, Sheffield (2), Worcester and York with
offices in Johannesburg, South Africa and Atlanta, New York and San
Diego in US.
Kingswood offers a range of trusted investment solutions to its
clients, which range from private individuals to some of the UK's
largest universities and institutions, including investment advice
and management, personal and company pensions and wealth planning.
Kingswood is focused on becoming a leading player in the wealth and
investment management market through targeted acquisitions in the
UK and US, creating a global business through strategic
partnerships.
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END
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