Change of chair at financial services group

Financial services firm Frenkel Topping Group has announced that Paul Richardson has decided to step down from the board and hand over the chairmanship to Tim Linacre.

Mr Linacre is currently a non-executive director with the Salford-based group.

Paul Richardson joined Frenkel Topping in 2017 as executive chairman, and moved to non-executive chairman in 2018.

Tim Linacre joined the board in June 2018.

He has more than 30 years’ experience in financial services as a stockbroker and an investment banker.

Tim worked at Panmure Gordon for more than two decades and was chief executive for eight years.

Prior to this, he was with Hoare Govett and Deloitte Haskins and Sells where he qualified as a chartered accountant.

Tim is currently a non-executive director of SDX Energy and chief executive of Instinctif Partners, a business communications firm.

He said: “I am pleased to take up the role of chairman.

“My appointment comes at an exciting time for the business, with our investment strategy and customer centric ethos having delivered a strong start to the year.

“I would like to thank Paul for his contribution and dedication to Frenkel Topping, and we wish him all the very best for the future.”

Paul Richardson said: “I’ve very much enjoyed my time at Frenkel Topping, firstly as executive chairman and more latterly as non-executive chairman.

“The company is performing well and has a strong team, and after three AGMs as chairman, I am pleased to hand over to Tim. I wish Tim and the whole team every success.”

Chief executive, Richard Fraser, said: “Paul joined the business at a time of change, and his contribution has helped oversee a successful period of progress and growth.

“I would like to thank him for his support and wish him well for the future.

“The board is delighted that Tim has accepted the role of non-executive chairman, he already has a deep understanding of the business from his previous board role.

“I look forward to working with him as we continue to grow Frenkel Topping and build on the momentum achieved to date.”