10 June 2019
Kingswood Holdings Limited
("Kingswood", the "Company" or the "Group")
Rob Suss, previous Head of Private Wealth Management for Goldman Sachs in London, appointed to Kingswood Board to advise on Global Wealth Management strategy
Kingswood Holdings Limited (AIM: KWG), the integrated wealth management group, is today pleased to announce that Rob Suss, currently Co-Chief Executive Officer of UK Agricultural Finance and Co-Founder of Global Tower Solutions, is joining the Board as a Non-Executive Director with immediate effect. Rob will advise Kingswood on their global wealth management strategy, working with senior management to structure and deliver a best in class client proposition.
Rob retired from his position as a Managing Director of Goldman Sachs where he spent 18 years building and turning around a number of businesses in their Investment Management Division. His last role was as Head of Private Wealth Management in London from 2012 to 2015. Prior to this, Rob was the Head of UK and Ireland Private Wealth Management from 2008 to 2012 when his unit received the prestigious Euromoney peer voted award for Ultra High Net Worth Services for three consecutive years (2009 to 2011). From 2006 to 2008, Mr. Suss served as the Head of Wealth Management Solutions.
Rob is deeply involved with a number of philanthropic organizations, serving as Deputy Chair of the Trust of the Royal Academy of the Arts and is also a trustee of J.K. Rowling's charitable endeavour Lumos.
Rob is the co-founder of Global Tower Solutions, a company focused on delivering renewable solutions globally. He currently co-heads UK Agricultural Finance; a specialist lender serving the agricultural community and chairs the Advisory Board for EG Capital as an Emerging Market Debt Manager. He also serves as a director for TPG Pace Holdings and B. Riley Principal Merger Corp.
Gary Wilder, Group CEO said: "With the Group's recent US partnership announcement, and ongoing discussions regarding an Asian initiative, we are actively progressing our strategy of building an internationally recognised wealth and investment management firm. Rob's appointment will be a major asset to Kingswood as we enhance our domestic and global platform."
Buzz West, Chairman said: "We're delighted to welcome Rob to Kingswood at such a pivotal time in our development. He has considerable experience and insight of the wealth management industry and we believe he will play a crucial role as we roll-out our global wealth strategy and enhance our credibility in the market. The Board looks forward to working with him."
Robert Marc Suss, aged 48, has been a director of the following companies during the five years preceding the date of this announcement.
EG Capital Advisors UK Limited
Now 2 Now Limited
Garden Bridge Trust
UK Agricultural Finance Ltd
Global Tower Solutions Limited
Kratos Investments (Jersey) Limited
UK Agricultural Lending Limited
At the date of this announcement, Mr. Suss does not have any beneficial interest in the ordinary shares of the Group.
There are no further disclosures to be made in accordance with Rule 17 and Schedule 2(g) of the AIM Rules.
Notes to Editors
For more information, please contact:
Kingswood Holdings Limited
+44 (0)20 7293 0730
Gary Wilder / Patrick Goulding
finnCap Ltd (Nomad and Broker)
+44 (0)20 7220 0500
Scott Mathieson / Anthony Adams (Corporate Finance)
Tim Redfern / Richard Chambers (ECM)
Greentarget (for media)
+44 (0)20 7324 5498
Jamie Brownlee / Alice Gasson / Ellie Basle
Kingswood Holdings Limited (trading as Kingswood) is an AIM-listed (AIM: KWG) integrated wealth management group, with more than 4,500 active clients and c. £2 billion of Assets under Management and Advice. It has a growing network of offices in the UK including London, Manchester, Cheltenham, Maidstone, Worcester, Beverley and Abingdon as well as an office in Johannesburg, South Africa and recently acquired a strategic stake in US-based, Manhattan Harbor.
Kingswood offers a portfolio of services to its clients, which range from private individuals to some of the UK's largest universities and institutions, including investment advice and management, personal and company pensions, wealth planning, and stockbroking. Kingswood is focused on becoming a leading player in the wealth management market through targeted acquisitions, with the ultimate goal of creating a global business through strategic partnerships.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.