21st Jul 2014 08:21
LONDON (Alliance News) - European Wealth Group Ltd Monday said its European Wealth Management Group subsidiary has appointed Adam Suggett as a financial controller, poaching him from Hume Capital Securities PLC.
"As a business that was launched in preparation for a post [retail distribution review] environment, a core strength of the group is our back-end technology platform and associated internal management processes," European Wealth Group Chief Executive Rod Gentry said in a statement.
"We are delighted that Adam will be bringing his considerable skills and experience to our expanding team as we continue to build our presence in the market," Gentry added.
In June, European Wealth agreed to acquire Compass Financial Benefits Ltd, an independent financial advisory with GBP31.0 million of funds under its influence, marking the company's first acquisition since it arrived on the London Stock Exchange's AIM.
European Wealth shares were Monday quoted down 2.2% at 98.75 pence.
By Samuel Agini; [email protected]; @samuelagini
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