British wealth manager WH Ireland CEO Richard Killingbeck is set to step down from his role on 31 July 2018 to pursue other opportunities.

Killingbeck joined the wealth manager in September 2012 in the role of private wealth management head. He was promoted to the role of CEO in January 2013.

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WH Ireland chairman Tim Steel said: “The Board would like to express its thanks to Richard for his significant contribution to the Group over the past six years.  During this time, he has overseen the key transformational changes that have positioned WH Ireland as a modern and more efficient organisation.”

Killingbeck will be replaced by Phillip Wale, who has been named as the CEO elect.

Wale will assume the new responsibility on 1 August 2018, with his permanent appointment subject to regulatory approval.

Wale most recently served as the head of fixed income (Europe) at Cantor Fitzgerald Europe, and before that was the CEO of Panmure Gordon.

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He formerly also held senior roles at Goldman Sachs, Commerzbank, Knight Securities, Collins Stewart, and Seymour Pierce.

“Phillip has held a number of senior positions in similar financial services businesses which span both Wealth Management and Corporate and Institutional Broking. I believe that we can draw upon this experience to take the Group forward in the next stage of its development with the full support of our major shareholders,” Steel added.