Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

WH Ireland hit by four more departures after shock Compton exit

1 Comment
WH Ireland hit by four more departures after shock Compton exit

WH Ireland’s Cardiff office has been hit by the departure of four staff, including its office head, just weeks after the shock exit of chief executive officer Paul Compton.

Cardiff office co-head Barrie Tyler is understood to have left the company and has been replaced by Terry Lewis, an associate director at the firm, while three long-standing members of the team also departed in the days following Tyler’s sudden exit.

Tyler left the company in mid-December a day after Compton, amid reports the duo were being investigated over their personal share dealings.

Head of financial services Minaz Kasmani, who had joint control of the Cardiff office with Tyler, left the office five days after Tyler, according to the FSA register.

He was followed by David Cook, a financial adviser, who left in late December after three years at the firm.

Adviser Gareth Harris also left WH Ireland’s Cardiff branch in late December. It is understood he has joined international advisory firm Guardian Wealth Management, as it looks to set up its first Wales office. 

To compensate for the losses, Tom Williams and Claire Darragh from WH Ireland’s Bristol office are spending time at the Cardiff office while the business actively recruits.

Following Compton’s exit, WH Ireland has named Richard Killingbeck as chief executive. He was formerly head of private wealth management and his appointment was part of Compton’s plans to shift from being a traditional stockbroker into a more diversified wealth management firm.

Compton and Tyler’s departures sparked a plunge in the firm’s value, with shares falling from 72.5p to close at 56p, a loss of 25%. At the time of going to press, the share price was 58.39p.

A spokesperson for WH Ireland said the firm would not comment on ‘disciplinary matters’.

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 French fund CEOs: 'Brexit is a lose-lose situation for all of us'

French fund CEOs: 'Brexit is a lose-lose situation for all of us'

'We'll all lose out - but London is an international city, Paris is not.' Leading French asset management CEOs tell us what they think Brexit will mean for the investment business.

Play Henderson Eurotrust's Stevenson: dealing with European cynicism

Henderson Eurotrust's Stevenson: dealing with European cynicism

Tim Stevenson talks about where he finds his opportunities in the current environment in Europe

Play Mark Barnett - part 2: why I'm not buying Lloyds

Mark Barnett - part 2: why I'm not buying Lloyds

In the second part of our exclusive video interview, Barnett explains why he has no intention of buying Lloyds, and where he sees the greatest income opportunities.

Read More
Wealth Manager on Twitter