European Wealth expands management team

For immediate release: 21 July 2014

European Wealth Group Limited

("European Wealth", or "the Group")

European Wealth Continues Strengthening Management Team

Adam Suggett appointed as a Financial Controller

European Wealth (AIM: EWG, EWGL), the fast growing wealth management group, is pleased to announce that its wholly owned subsidiary, European Wealth Management Group, has appointed Adam Suggett as a Financial Controller. Adam joins from Hume Capital Securities plc having previously been a Manager in Grant Thornton's Capital Markets team.

Commenting on the appointment, Rod Gentry, European Wealth's Group Chief Executive, said:

"As a business that was launched in preparation for a post RDR environment, a core strength of the Group is our back-end technology platform and associated internal management processes. 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."

In the first half of 2014, European Wealth saw its assets under management and influence increase by 24.2% to £0.82 billion. In June, European Wealth completed the acquisition of IFA business Compass, its first since listing on AIM in May 2014, and fifth in total. 

Adam Suggett added:

"European Wealth has a fantastic customer centric culture, a strong management team and growing AUM. I look forward to combining my corporate finance experience with my skills of running an Investment Bank's finance team to help European Wealth achieve its ambitious growth plans."

About European Wealth Management Group

Having commenced trading in 2010, European Wealth has two operating divisions, European Investment Management Limited ("EIM") and European Financial Planning Limited ("EFP"). Both are regulated by the FCA and were established to be RDR compliant from the outset, EIM opting for Restricted Adviser status and EFP for Independent Adviser status. Today the Group's head office is in London with a network of five local offices across the South. Core services offered by the Group are financial planning, corporate pension advisory and investment management in both equity and fixed interest instruments. For further information on European Wealth's wealth management and financial planning services, please go to www.europeanwealth.com.

European Wealth is a wholly owned subsidiary of AIM listed European Wealth Group Limited (AIM: EWG, EWGL).

ENDS

European Wealth Group Limited

John Morton, Rod Gentry: +44 (0)20 7293 0733

GTH Communications

Toby Hall: +44 (0)20 7822 7493 / +44 (0)7713 341072