WH Ireland grows wealth division with double hire

WH Ireland grows wealth division with double hire

Stockbroker WH Ireland has made two senior appointments as part of plans to restructure its business to focus on wealth management.

Roddy Buchanan has been promoted to head of the wealth management division, reporting to chief executive Richard Killingbeck.

The firm has also appointed Rupert Yeoward, who will report to Roddy Buchanan as deputy head of wealth management.

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Mr Killingbeck said the moves continue the programme of change across the division. “Their extensive combined experience will be instrumental in the strengthening and development of our wealth management proposition.”

Mr Yeoward added: “I look forward to helping build upon the history of the group as it continues to grow its wealth management business and further establish the company as a modern, dynamic and innovative wealth manager.”

Earlier this month Mr Killingbeck said he plans to grow the business both organically and through acquisitions, saying the minimum level of funds under management needed to be an independent wealth management business is £5bn.

According to its annual report for 2015, WH Ireland has more than £2.5bn of assets under management.

However, in February the firm reported a full-year loss of £300,000 after being hit by a £1.2m fine from the Financial Conduct Authority.