Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

ex-Barclays investment MD to head Saunderson House parent

ex-Barclays investment MD to head Saunderson House parent

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.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter