Ashcourt Rowan chief operating officer Richard Sinclair is to exit and Steve Haines has taken control of risk functions in a restructure of the boardroom
The firm said Sinclair would be assuming another role in an ‘unrelated’ industry and it was not looking for a replacement at this stage.
Haines will step down from his non-executive director role to become head of the group’s governance and risk functions and will have a wider management role within the company.
To accommodate this, chairman Hugh Ward replaces Haines as chairman of the audit committee and will hold the post on an interim basis until a successor is found.
Commenting on the restructure Ashcourt Rowan chief executive Jonathan Polin (pictured) said: ‘Richard has played a central role in the modernisation of the group and was a key member of the team with us in the project we undertook to build a modern wealth group.
‘On behalf of the board, I would like to take this opportunity to thank him for his exceptional contribution to the company over the past two years and wish him well in all his future endeavours.’
He added: ‘Steve has been a tremendous help in recruiting the new management team we currently have in place and I am delighted to welcome him as head of governance and risk.
‘His skills and expertise will be invaluable as we look to move the business to the next stage of our development.’