Kingswood appoints group chief executive

Kingswood has appointed David Lawrence as general manager to replace Gary Wilder.

Lawrence was appointed UK Managing Director of Kingswood in December 2020 and has over 30 years of financial services experience.

He previously worked with Lloyds Banking Group where he held numerous management positions.

These roles spanned the distribution and functional areas of the retail, commercial and insurance divisions.

wilder mentioned: “Since the appointment of David Lawrence as UK Managing Director in December 2020, tremendous progress has been made on our ambition to become a leading wealth manager.

“The business is now demonstrating leading buy and build credentials, achieving strong inorganic and organic growth and leveraging the benefits of being a vertically integrated wealth manager.

“With equal investment in its people, customer experience and technology, the company is now exceptionally well positioned for its next phase.

“As a result, now is exactly the right time for me to return to a non-executive role and give David the mandate to drive the business forward as Chief Executive.

“I will continue to oversee Kingswood US, although it will continue to be run very ably by Mike Nessim, who is achieving remarkable success.”

Kingswood has also appointed Richard Avery-Wright to the boards of its UK regulated subsidiaries KW Wealth Planning limited and KW Investment Management Limited.

He began his career in 1985 on the floor of the London Stock Exchange as a trainee stockbroker.

For the next 22 years Avery-Wright worked for a number of financial services companies in the UK and Australia. This includes Man Group PLC and Old Mutual PLC.

In 2007 he co-founded Pie Funds Management in New Zealand. He moved to Guernsey in 2012 and established RCP Holdings Limited.

Kingswood has made a series of acquisitions since the start of the year. He reached an agreement to buy the business assets of DJ Cooke Financial Planning in January.

In February It announced that it had exchanged and completed the acquisition of the consultancy firm Allotts Financial Services Limited.