Board changes at Leicester wealth management firm
The group managing director at Leicester wealth management firm Mattioli Woods is to step down from the company’s board.
Murray Smith will give up his board responsibilities on 21 October. He will continue in a full-time role as founder director to the Group and his focus will be on his client portfolio, acquisitions and acting as an ambassador for Mattioli Woods.
The news comes as the firm reports profit growth in line with expectations for the year ending 31 May and the appointment of a chief compliance and risk officer and group finance director.
James Wilson has been recruited in compliance and risk, while Ravi Tara comes to the new role of Group finance director (a non-plc board position), reporting to the chief financial officer.
Ian Mattioli, chief executive, said: “Whilst political and economic uncertainty might continue to impact investor sentiment in the short term, we are confident that our focus on addressing the changing needs of our clients means we are well-positioned to deliver further growth.
“The opportunity for Mattioli Woods is significant, as people seek to take charge of their money and manage it multi-generationally. At the same time, savings and investments are becoming more complicated.
“Clients need long-term advice and strategies more than ever before and we will continue to provide quality solutions, with our focus on client service and the inherent agility within our business model allowing us to continue to adapt to the changing wealth and asset management marketplace.
“Over the last few months we have seen some positive momentum starting to build, with greater client activity and increasing inflows into the bespoke investment services the Group has developed.
“I expect the Group to secure organic revenue and profit growth in this new financial year, while progressing our acquisition strategy, where further consolidation within our core markets remains likely.
“I believe we are well-positioned to take advantage of these opportunities and progress further towards the ambitious longer-term goals we have set.”
