Progeny provides CFO as agency plans to spice up development

Monetary Planner {and professional} providers agency Progeny has appointed Tom Wooden as its new chief monetary officer, because the agency seems for choices to hurry up development.

He brings over 25 years of expertise in monetary providers, together with main change and development inside personal equity-backed companies.

Former roles embody CEO and CFO of Shawbrook Group, and chief restructuring and monetary officer of the Co-Operative Financial institution, throughout which he co-advised on its recapitalisation.

Mr Wooden mentioned: “I’m delighted to affix Neil and the staff at this thrilling and energising time for Progeny.

“Progeny is a novel enterprise nicely positioned to increase its scale and attain. I look ahead to contributing to our future success.”

His appointment comes as Progeny seems to spice up its development, with Mr Wooden’s experience in mergers and acquisitions prone to play a pivotal position in advancing the agency’s acquisitive technique.

Neil Moles, CEO of Progeny, mentioned Mr Wooden selected to affix the Monetary Planning agency having spent a while working as a advisor with the enterprise.

He mentioned: “Having frolicked contained in the enterprise in an advisory capability, he’s seen first-hand our ambition and what we’re in search of to realize and has determined he desires to be part of it.

“From a CFO of his pedigree and expertise, I couldn’t consider a better accolade for our enterprise.

“Tom’s CV speaks for itself in that he’s a extremely expert and strategic operator at this degree with a demonstrable observe report of success and we’re very enthusiastic about what he’ll contribute to Progeny.”

Leeds-based Progeny has made a variety of acquisitions in latest months together with buying HNW-focused Chartered monetary recommendation agency Chartered Wealth Administration in January.

The agency made a number of acquisitions final yr together with in October the takeover of £600 AUM Scottish Chartered Monetary Planner agency Carbon Monetary Companions for an undisclosed sum. Earlier within the yr it acquired Nottingham-based Fiscal Engineers.

In April 2023 it acquired the Fry Group increasing the agency’s attain into worldwide territories for the primary time, including workplaces within the Center East, Asia and Europe.


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