5 July 2024
KINGSWOOD
HOLDINGS LIMITED
("Kingswood", the "Company" or the "Group")
Appointment of Interim CEO
Kingswood Holdings Limited (AIM:
KWG), the international, fully integrated wealth and investment
management group, announces that David Lawrence has resigned as
Chief Executive of the Company and that Peter Coleman has been
appointed as Interim Chief Executive Officer with immediate effect,
and to the Board, subject to FCA regulatory approval. A
process to appoint a permanent CEO will commence
shortly.
During David's tenure, the business
has experienced its most transformative time, acquiring over 20
businesses, the team has grown to around 400 colleagues and the
Group has achieved double digit levels of annual
growth.
Peter is an FCA (Fellow Chartered Accountant) and has
a vast amount of experience across a range of executive leadership
roles, including as CEO, CCO and CFO, and in particular extensive
industry experience from his time at Succession Wealth and Wealth
Wizards and as CEO of national IFA Positive Solutions.
David Hudd, Chairman, commented: "On behalf of the
Board, I would like to thank David Lawrence for his outstanding
contribution to Kingswood's success and to congratulate Peter
Coleman on his new role. Peter comes with strong credentials and I
am sure he will bring much energy to an already strong
business."
David Lawrence
commented: "The last four years have been a
transformative period for Kingswood. It is now a highly
professional business with equally strong investment management
credentials, and with the support of our primary investors, Pollen
Street Capital has made and integrated over 20 acquisitions with
AuA/M now approaching £10bn. We would not have achieved any of
this without the unstinting commitment of all of our colleagues,
our investors and our board, whose support during my tenure I am
deeply thankful for."
Peter Coleman
commented: "I'm delighted to join Kingswood at this
exciting time for the business. Kingswood has grown rapidly and has
solid foundations, and I look forward to continuing the work to
deliver a first class service to our clients and wealth planners
through operational excellence."
ENDS
For
further details, please contact:
Kingswood Holdings Limited
|
+44 (0)20 7293 0730
|
Lucy
Whitehead
|
www.kingswood-group.com
|
Cavendish
Capital Markets
Limited (Nomad & Broker)
Emily Watts / Abigail
Kelly
|
+44 (0)20 7220 0500
|
GreenTarget (for Kingswood
media)
Jamie Brownlee /
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. It services
circa 20k clients from a growing network of offices across the UK
with overseas offices in US, Ireland and South Africa.
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
building on its position as a leading player in the wealth and
investment management market through targeted acquisitions,
creating a global business through strategic
partnerships.