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Beaufort hires former Ascot Lloyd advice boss

Beaufort hires former Ascot Lloyd advice boss

Beaufort Group has hired Ascot Lloyd's former advice boss as its current chief operating officer prepares to take a step back from the business. 

In an update today (January 12) Beaufort confirmed Jade Connolly would join the company as its chief operating officer, succeeding Clive Goldthorpe who has held the role since 2012.

Beaufort said Mr Goldthorpe had taken the decision to step back from "day-to-day involvement" in the business at the end of March this year, but would continue to support the company in a consultancy capacity. 

Ms Connolly previously spent four years at rival adviser Ascot Lloyd as its head of advice before leaving in September last year. According to her Linkedin page, Ms Connolly then spent four months at mergers and acquisitions firm Dyer Baade & Company before joining Beaufort. 

Ms Connolly said she was "delighted to be joining Beaufort at a crucial time" with demand for financial advice and investment services ever increasing. 

Derrick Dunne, chief executive at Beaufort said: "Jade's proven track record in combining technical knowledge with delivering optimal client outcomes will be a huge asset to us. 

"We are also hugely grateful to Clive for all he has done for the business and are delighted he will remain involved in a consultancy capacity after working closely with Jade to hand over his responsibilities in the coming months." 

Last year Beaufort was bought by The Socium Group, headed by ex-Openwork CEO Mary-Anne McIntrye, in a deal which saw the new-entrant consolidator gain £1.1bn of assets under management. 

rachel.mortimer@ft.com