REG - Kingswood Holdings - Appointment of Interim CEO

Kingswood HoldingsAnnouncement

05/07/2024 07:00

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RNS Number : 2480V  Kingswood Holdings Limited  05 July 2024

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 (http://www.kingswood-group.com/)
    Cavendish Capital Markets Limited (Nomad & Broker)         +44 (0)20 7220 0500

   Emily Watts / Abigail Kelly
    GreenTarget (for Kingswood media)                          +44 (0)20 7324 5498

    Jamie Brownlee / Ellie Basle                               Jamie.Brownlee@greentarget.co.uk (mailto: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.

 

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