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26 Jul 2021 07:00
26th July 2021
KINGSWOOD HOLDINGS LTD
("Kingswood", the "Company" or the "Group")
Directorate changes
Retirement of Kenneth "Buzz" West as Non-Executive Director and Chairman of Kingswood Holdings Ltd and appointment of David Hudd as acting Chairman
Kingswood Holdings Ltd (AIM:KWG) has today announced the retirement of Mr Kenneth "Buzz" West as Non-Executive Director and Chairman effective immediately. He will continue as a consultant for 6 months. Buzz has served on the board of Kingswood for over 7 years and as chairman for over 5 years and during that time he has been a key part of the business. He leaves with our deepest thanks for his many years of commitment and contribution.
Kingwood has commenced a search for a new independent non-executive chairman and an announcement will be made in due course. In the meantime, Mr David Hudd has kindly agreed to become acting Chairman. David joined the board of Kingswood in 2018 and was previously Deputy CEO and a partner of global law firm Hogan Lovells.
In addition, Patrick Goulding, Group Chief Financial Officer will be leaving the business. Patrick led the Kingswood business for two years, initially as Platform CEO and Group CFO and latterly as Group CFO, through a transformative period and leaves with our thanks for his contribution.
We are delighted to have appointed Jon Millam to the role of Chief Financial Officer with effect from 1st August 2021.
Jon joins from Equiniti where he is currently Finance Director, Group FP&A, having previously been the Finance Director for Equiniti Financial Services and EQ Invest. Prior to Equiniti, Jon undertook senior finance roles at American Express and British Airways.
David Lawrence, UK Chief Executive officer commented:
Kingswood has ambitious plans to accelerate both inorganic and organic growth across the business. In Jon, I am delighted to have found someone that not only shares this ambition, but also has all the credentials to capably lead our finance function through the next stage in our evolution. I am thrilled that Jon will be joining us and this appointment adds to the high-quality executive hires made during 2020 as we take the business rapidly forward.
For further details, please contact:
Kingswood Holdings Limited | +44 (0)20 7293 0730 |
David Lawrence | www.kingswood-group.com |
Peel Hunt LLP (Nomad and Broker) | +44 (0)20 7418 8900 |
James Britton / Rishi Shah | |
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 circa £6.1 billion of Assets under Advice and Management. It services circa 8,000 clients from a growing network of offices in the UK including Abingdon, Beverley, Darlington, Derby, Grimsby, Hull, Lincoln, London, Maidstone, Newcastle, Sheffield (2), Worcester and York with overseas 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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