Wealth manager Kingswood has tapped Lloyds Banking Group executive David Lawrence as its UK CEO.
Lawrence will also be a director of Kingswood’s UK subsidiaries. This awaits regulatory approval.
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In the new role, Lawrence will spearhead the firm’s growth strategy in the UK and report to group CEO Gary Wilder and the Kingswood board.
Lawrence stated: “The UK business has a healthy pipeline of acquisition opportunities and my early focus will be on converting these, integrating them and delivering accelerated organic growth through our regional hubs.”
Lawrence has spent over three decades at Lloyds, where he held various top roles such as COO for private banking and wealth businesses.
He has played an integral role in setting up the wealth management JV between Lloyds and Schroders, Schroders Personal Wealth.
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By GlobalDataLast March, he assumed the role of chief commercial officer of this business.
Wilder said: “As the business continues to expand, we want to ensure we have an experienced industry leader in place to accelerate our growth plans including our best in class DFM proposition and to drive synergies and efficiencies from our integration efforts.
“In David we believe we have that person.”
Meanwhile, effective 1 January 2021, Patrick Goulding will focus full time on the group CFO position.
He will also step off Kingswood’s board on the same date while remaining a director of the firm’s UK subsidiaries.
Besides, Graydon Butler will step off the Kingswood’s board on the same date.
