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.

Rowan Dartington incentivises staff with major equity stake

Rowan Dartington incentivises staff with major equity stake

Staff share ownership of Rowan Dartington has doubled to 30% after the management released equity to ensure employees remain incentivised.

The move was triggered by staff, who approached the board six months ago asking if they could personally invest in the business. After consultation, existing shareholders, including chief executive Graham Coxell, agreed to a reduction in their holdings to enable this.

Coxell told Wealth Manager the shares, which staff purchased at market value  were oversubscribed.  The shares were snapped up at a premium to Rowan Dartington's value at its acquisition last March.

Outlining its plan, Coxell (pictured) said the group is currently finalising arrangements for the transfer of equity, which will see its 100-strong team’s ownership of the firm, excluding Coxell, rise from 15% to 30%.

The employee ownership is spread across a wider catchment, with members of the compliance, operations and support staff given an interest in the future of the firm.   

Coxell said the vote of confidence in the business has made him proud.

‘This provides evidence that, despite the uncertain macro conditions, there is confidence in both our people and future, which is very humbling.’

Rowan Dartington has an ambitious growth strategy, which could see it make acquisitions as it looks to grow its regional presence, although Coxell said organic growth remains the key focus.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter