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.

Heartwood chief Simon Lough steps down

1 comment
Heartwood chief Simon Lough steps down

Heartwood chief executive Simon Lough is to step down from his role.

He will be replaced by Heartwood director Tracey Davidson, subject to regulatory approval.

Lough (pictured) said that he had taken the decision to step down one year since Heartwood was bought by Handelsbanken.

'I will be staying with the company my brother David founded, and I have helped to build. However, as we begin to draw more on technological and other support from Handelsbanken to deliver the service enhancements our clients are requesting, it makes sense that this work is led by someone with close working knowledge of both Heartwood and Handelsbanken.'

Davidson joined Handelsbanken in 2003 and more recently spent three years as head of the bank’s regional bank, Northern UK. She added: 'It is a privilege to take on this role, having been closely involved in the merger and, since then, working within the management team to start to realise Heartwood’s potential within the Handelsbanken group.'

Heartwood's management structure remains unchanged.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

Wealth Manager on Twitter