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Smith & Williamson names co-chiefs & chair in boardroom overhaul
by Robert St George on Sep 25, 2013 at 07:00
The heads of investment management and tax services have been promoted to co-chief executives of Smith & Williamson, while the group’s current deputy chairman will become chairman.
David Cobb (pictured) and Kevin Stopps, currently in charge of investment management and banking and tax and business services respectively, will become the joint bosses from 27 September 2013. On the same date, Andrew Sykes will become chairman of the board.
In addition to their roles as co-chief executives, Cobb and Stopps will each remain responsible for the management of their respective divisions.
The moves follow the retirement of Gareth Pearce, Smith & Williamson’s group managing director since 1995 and chairman since 2000.
Cobb and Stopps characterised their joint ambition for the firm as ‘evolutionary, not revolutionary’.
As well as being co-chief executives, they will each remain responsible for the management of their respective divisions.
'The depth and breadth of our services is unique among firms of our size, and we believe that this, coupled with our commitment to excellent and thoughtful client service, represents a very compelling offer for clients,' Cobb said.
'David and I are excited to lead the firm in the next phase of its evolution, driving the growth of one business with complementary service lines,' Stopps added.
'We continually seek to enhance the way our people work together to provide the comprehensive and integrated service to clients for which we are known.'
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