Wealth manager Kingswood has hired Najib Canaan as the CEO for its US business.

Besides, Canaan will become part of the firm’s investment committee.

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The appointment solidifies the firm’s plan for an expansion into the US, which Kingswood believes to be a “big growth opportunity”.

Canaan has been in the financial services sector for over three decades.

He most recently served at Marinus Capital Advisor. He was the founding partner and CIO at Mariner.

He previously worked as the managing director and head of structured finance at GSO Capital, and oversaw the structured products trading group at Brevan Howard.

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He also had a stint at Nomura, where he was executive managing director and co-head of international markets at Nomura Securities International and co-head of fixed income in Europe for Nomura International.

Additionally, he served as the managing director and principal at Donaldson, Lufkin, and Jenrette.

Kingswood group CEO Gary Wilder said: “I’m delighted to welcome Najib to Kingswood. His extensive knowledge and experience will be invaluable as we grow in the US.

“We’ve made huge strides in expanding and reinforcing the Kingswood brand in the UK over the last 12 months and we see the US as a really exciting market.”

Kingswood made several appointments lately.

This February, the firm named Richard Jeffrey as chairman of the investment committee and Richard Klein as head of alternatives and distribution.

In January this year, the firm named Gary Wilder as its new CEO. Wilder replaced Marianne Ismail.

Meanwhile, Kingswood recently strengthened its presence in the UK with the purchase of Thomas & Co Financial Services.

The acquisition of the Oxfordshire-based firm increased Kingswood’s assets to £1.9bn and its active client numbers to more than 4,500.