Kingswood has appointed a head of wealth as the company continues its growth drive on the back of an £80m capital injection earlier this year.
The wealth manager has promoted Leigh Philpot to the newly-created role, after he joined the business in September as head of client proposition.
Mr Philpot will now be responsible for the Kingswood's retail wealth planning and investment management businesses with a specific focus on wealth planners, investment managers, client support and paraplanning.
He will also have overall responsibility for business development and sales messaging at the wealth manager.
The appointment comes alongside three others with Rupert Thompson promoted to managing director and chief investment officer, David Winckler to associate director and Paul Surguy set to join Kingswood in January to lead its investment management business.
Mr Surguy joins from Kleinwort Hambros, where he ran the discretionary investment team for UK affluent clients, and will work as part of Mr Philpot's wealth team.
Patrick Goulding, group chief financial officer and chief executive of Kingswood’s operating platforms, said the promotions were a testament to the company's busy year.
He said: "We’ve developed a strong competitive advantage as a result of our integrated offering and the growth capital secured from funds managed by Pollen Street Capital has provided the firm with the ability to capitalise on the consolidation opportunities available in the global wealth management market."
In September Kingswood confirmed it had secured £80m with investment management firm Pollen Street Capital to fund the wealth manager's acquisition pipeline, hailing the fundraising as a "hugely significant milestone".
The investment saw Pollen Street become a shareholder in the business with a right to appoint up to two directors to the Kingswood board.
Earlier this year Kingswood confirmed it had an acquisition pipeline in excess of £100m and was looking to South-East Asia for its next deal.
Mr Goulding added: "We will continue through 2020 to make additional strategic hires to support the growth and build-out of the group and further enhance the strong and experienced management team in the UK and US."
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