Source - RNS
RNS Number : 0800L
Harwood Wealth Management Group PLC
17 April 2018

17 April 2018

Harwood Wealth Management Group PLC

("Harwood Wealth" or the "Group")


Changes to board roles


Harwood Wealth Management Group (AIM: HW.), a leading UK-based financial planning and discretionary wealth management business, announces changes to the roles of certain board members.


Neil Dunkley, currently Joint CEO, will become Managing Director of Financial Planning. Neil will remain an Executive Director of Harwood Wealth and the change in role will enable him to fully dedicate his time to management of the financial advisory business.


Alan Durrant, currently Joint CEO, will assume the role of sole CEO of the Group. Alongside his responsibilities as Chief Executive, Alan will continue to lead the growth of Wellian, the investment management division of the Group.


These changes have been driven, in part, by the forthcoming changes to the Senior Managers Regime and as part of the Group's continuing evaluation of how best to organise its internal structure and reporting lines.


In addition, Nick Bravery, currently Group CFO, has informed the Group of his desire to step down as CFO with effect from 31 October 2018. Nick will assume the position of Company Secretary, a non-board role, moving forwards. The board intends to appoint a replacement Group CFO prior to Nick's transition and has identified a number of appropriate candidates. Further announcements will be made at the appropriate time. In the meantime, Nick will remain as Group CFO until 31 October 2018 alongside the Group's strong finance team. 


Peter Mann, Chairman of Harwood Wealth Management Group, said:


"As Harwood continues to grow and deliver against its strategy, we believe that the changes made today make the best possible use of the resources within our senior team and are confident that this will continue to enable the Group to thrive.


"The Board is very pleased that we will be retaining Neil and Nick's skills within the Group. Alongside Alan and the Board, they have led the Group through several years of rapid growth and its listing on AIM. We look forward to their continued contribution in their new roles.


"With a robust Board, positive market drivers and an exciting pipeline of acquisition opportunities ahead of us, we look forward to the future with confidence."


For further information please contact:


Harwood Wealth Management Group plc

Alan Durrant, Chief Executive Officer


+44 (0)23 9355 2004

N+1 Singer Advisory LLP

Alex Price


+44 (0)20 7496 3000

Alma PR

Josh Royston / Rebecca Sanders-Hewett / Susie Hudson


+44 (0)20 8004 4218


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