IFG Group, the owner of wealth manager Saunderson House, has named Paul McNamara as its new group chief executive.
McNamara is currently managing director of investments and insurance at Barclays, and has previously worked as marketing and distribution director at HBOS and as group strategy director at AXA UK.
‘I am very pleased to welcome Paul McNamara to IFG as group chief executive officer. His appointment reflects our continued commitment to building a strong management team for the group and is in line with our focused growth strategy,’ said John Gallagher, IFG’s chairman.
McNamara added: ‘I am delighted to join IFG Group at this time of dynamic change in the market place. I look forward to joining the IFG Board, working with the group’s businesses and building on the clear momentum already underway.’
He will join IFG, subject to regulatory approvals, on 28 July .
The group also owns the James Hay Partnership. Its former boss Mark Bourke left last month, and the firm was subject to an anonymous takeover approach late last year that was ultimately declined.
Saunderson House has £3.2 billion of assets under advice, and over the past year IFG's share price has risen by 18% to £1.35.