Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

WH Ireland chief Paul Compton quits

4 Comments
WH Ireland chief Paul Compton quits

WH Ireland chief executive Paul Compton has resigned from the firm.

The corporate broker and wealth manager said Compton (pictured) had decided to stand down with immediate effect and the firm has replaced him with head of private wealth management Richard Killingbeck.

In a brief statement to the stock market, WH Ireland gave no reason for Compton's seemingly sudden departure.

Compton recently spoke to Wealth Manager of his ambitions for the firm to outline his plans to move WH Ireland from its roots as a traditionally stockbroking-led business into the largest corporate broking firm on the alternative investment market (AIM), and as part of this strategy bought the assets of failed Pritchard Stockbroker.

Moreover, Compton's plan looked to be falling into place when it last spoke to investors.   WH Ireland's most recent set of results showed a turnover 10.5% higher year-on-year and liquid cash of over £5 million.

Pre-tax profit moved slightly lower however this was the result of the firm absorbing the costs of the Pritchard acquisition, and in the same period the firm took the decision to expand into the regions.

Killingbeck, whose appointment as Compton's successor is still subject to regulatory approval, will no doubt take over this mantle for change.

He was hired by WH Ireland in September this year as its head of wealth, moving over from Credit Suisse where he worked as a managing director.

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 Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter