Ashcourt Rowan has appointed Alfio Tagliabue to the board of the company as group chief financial officer with effect from 9 January 2012.
Richard Sinclair MBE will also join the company as chief operating officer, which is not a board level appointment on 1 February 2012.
Mr Tagliabue has over 10 years’ experience in the financial services industry and specifically, in the investment and wealth management sectors.
For the majority of his career to date, Mr Tagliabue has been a board level consultant advising UK financial institutions on a range of topics including strategy, operational and financial planning, organisational issues and corporate development.
Mr Sinclair, 39, joins the business from Ofcom, where he held the position of Olympic and Paralympics delivery director.
In addition, Ashcourt Rowan have also announced that Neil Hale, current group chief financial officer, and Jeremy Rance, current chief operating officer, have stepped down from the board and will leave the company with immediate effect.
Jonathan Polin, chief executive, said: “The board would like to thank Neil and Jeremy for their contributions to the company.
“Having recently set out a new agenda for the business, setting a clear aim to improve the profitability of the company and to enhance shareholder value, the Board believes that the addition of Alfio and Richard to the management team will greatly assist in implementing the strategic and financial initiatives announced last month.”