CompaniesApr 3 2023

Former Quilter CEO Feeney to join Skerritts

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Former Quilter CEO Feeney to join Skerritts
Paul Feeney, the income chief executive officer of Skerritts

Paul Feeney is to join chartered financial planner and wealth management firm Skerritts as chief executive officer.

Feeney, the former chief executive officer at Quilter, will join the company at the beginning of May, subject to regulatory approval.

Founder Richard Skerritt will remain on the board as non-executive director. 

Feeney spent a decade at Quilter, before leaving at the end of last year.

He had previously spent time as group managing director of Gartmore Investment Management, and chief executive of NatWest Private Bank.

Feeney said: “Skerritts has all the right building blocks and, importantly, the right values to become one of the leading wealth management businesses in this country, and with the continued backing of Sovereign Capital, that’s exactly what we are going to create.”

Skerritt said: “Paul’s significant sector experience will allow the group to reach its full potential and I look forward to supporting the business and Paul as a continuing board member and non-executive director.”

Skerritts has completed nine acquisitions since March 2021, when it received an investment from Sovereign Capital Partners.

The most recent acquisition was of Kent-based Equinox Wealth in January, bringing an additional £62mn in assets under management to the group.

Skerritts acquired four firms in 2022, including Geoffrey Craig Limited, Saffron Wealth Management, Bradbury Hamilton and PS Financial Advisers Limited.

Those four acquisitions added £560mn to Skerritts’ assets under management.

sally.hickey@ft.com