Ascot Lloyd hunts for brand new CEO as Stockton exits

Monetary Planning agency Ascot Lloyd is looking for a brand new CEO to interchange Nigel Stockton who’s planning to face down after operating the enterprise for eight years.

The corporate says Mr Stockton will stay CEO to supervise the transition and appointment of his successor.

The transfer comes after personal fairness agency Nordic Capital acquired the agency.


Studying-based Ascot Lloyd has £10 billion in funds beneath affect and supplies Monetary Planning, wealth administration and company profit options to greater than 57,000 purchasers. It has greater than 500 workers throughout 21 UK places.

Mr Stockton has been CEO since September 2015 and has overseen the substantial progress of the enterprise in that point together with 80 acquisitions. The agency was rebranded from Bellpenny to Ascot Lloyd in 2017.

He stated: “It’s virtually two years since we agreed for Ascot Lloyd to be purchased by Nordic Capital and we determined collectively at the moment that I’d hand over to a brand new CEO when the timing was proper. Now, the time has come to seek out my successor to proceed constructing on Ascot Lloyd’s success and to develop and develop it even additional.”

“It’s been fairly a journey since beginning in 2015 with Bellpenny, rebranding to Ascot Lloyd in 2017 and, in 2022, seeing Nordic Capital enter as new homeowners of what has now turn into a £10bn+ AUA enterprise. Because the finish of 2016, the corporate has tripled AUM and greater than quadrupled revenues, with over 80 acquisitions executed up to now. I’m immensely happy with my time and legacy at Ascot Lloyd and can stay as a major shareholder going ahead.”

He concluded: “I want all of the purchasers, advisers, suppliers and companions nicely. I’d wish to thank the board and everybody on the Ascot Lloyd group. I want all of them the perfect for the long run and stay up for celebrating their continued success.”

Mike Covell, chair of Ascot Lloyd, stated: “I’d wish to thank Nigel for his huge vitality and excellent management of Ascot Lloyd for such a very long time. He’ll go away a enterprise that has developed immensely in comparison with the one he joined in 2015. Nigel stepping down was collectively deliberate when Nordic Capital purchased the enterprise two years in the past, and all events agree that now could be the precise time for a brand new CEO to proceed the Ascot Lloyd success story. I’m delighted that Nigel can be concerned within the choice course of for his successor and proceed as a major shareholder.”

Christian Frick, companion, Nordic Capital Advisors and member of the Ascot Lloyd board, stated: “I wish to thank Nigel for his wonderful stewardship of Ascot Lloyd through the years. All of us agree that the timing now could be proper for him handy over to his successor as deliberate. The board has now initiated the seek for a brand new CEO to safe the medium and long-term way forward for the enterprise.”

Monetary Planning In the present day Evaluation: Nigel Stockton has steered Ascot Lloyd (previously Bellpenny) from area of interest participant to turn into a significant powerhouse within the rising Monetary Planning sector. It has accomplished 80 acquisitions over the previous decade alone and grown organically. It isn’t the largest participant in Monetary Planning however it’s now a a lot larger fish in a comparatively small pond. Nordic Capital acquired the agency from fellow personal fairness agency Oaktree in 2022 and can wish to see the corporate transfer on to a brand new stage of success and progress albeit beneath a brand new boss. Mr Stockton’s document is an effective one and he’ll look again with pleasure on what he has achieved. There is no such thing as a point out of him retiring so he could also be contemplating new adventures whereas retaining a piece of Ascot Lloyd.


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