Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a654080
Lord Marland lifts WH Ireland stake above £1 million
by Dylan Lobo on Jan 28, 2013 at 09:50
Former Conservative MP Lord Marland of Odstock has used the recent turbulence at the private client stockbroker to pour another £100,000 into the firm.
Marland - who was part of a consortium which invested £2.9 million into WH Ireland back in 2008 - has bought an additional 165,000 shares in the firm worth £94,000 based on its current share price of 57p.
The move lifts Marland's total stake in the firm to 1,769,359 shares, or 7.47%, worth a little more than £1 million.
The transaction comes shortly after WH Ireland appointed Richard Killingbeck as wealth head following the sudden departure of Paul Compton, who was understood to have left his post amid an investigation into his personal share dealings.
The upheavel sparked a slide in WH Ireland's share price, which at 57p sits well below its 12-month high of 102p.
News sponsored by:
Subscribe to Wealth Manager to get the inside track on your rivals' moves
Keep up to date with how your peers are allocating their clients' assets by subscribing to Wealth Manager magazine.
Today's top headlines
More about this:
Look up the shares
More from us
- WH Ireland names Killingbeck as CEO after shock Compton exit
- WH Ireland tight-lipped amid talk Compton quit in boardroom bust-up
- WH Ireland
- 8,000-strong client book
- special administration
- hire of Andrew Kitchingman
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
by Himanshu Singh on May 21, 2013 at 04:22