Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at

WH Ireland names Killingbeck as CEO after shock Compton exit

by Annabelle Williams on Jan 14, 2013 at 14:54

WH Ireland names Killingbeck as CEO after shock Compton exit

WH Ireland has named Richard Killingbeck chief executive officer following the surprise departure of Paul Compton in December.

Killingbeck joined the stockbroker from Credit Suisse, and worked as head of private wealth management.

His appointment was a key part of Compton’s plans to grow the business from its traditional stockbroking roots into a more diversified wealth management firm. This included the purchase of the client book of now defunct Pritchard Stockbrokers, which also saw WH Ireland open a raft of regional offices.

Compton left the business with immediate effect in December, and reports suggested there was a row over his personal share dealing.

The head of the Cardiff office was also suspended and the news sparked a plunge in the firm’s value, with shares falling from 72.5p to close at 56p, a loss of 25%.

A trading update issued shortly after the departure offered little insight as to why Compton quit, although the firm was keen to emphasise that in year to 30 November 2012 group revenue increased to £25 million, resulting in a significant improvement in the underlying trading performance.

Chairman Rupert Lowe said: ‘I am delighted that, following FSA approval, Richard Killingbeck has agreed to assume the role of chief executive officer. Richard brings significant financial sector experience to the company gained over the past 25 years and this experience will help WH Ireland as it continues to expand the business in the years ahead.’

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home

As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Investing for income in a changing environment

With talk on interest rates on the horizon, our latest roundtable debate covers income investing against a changing backdrop

More about this:

Look up the shares

  • WH Ireland Group PLC
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us


On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet