Saltus appoints new chief working officer

Wealth supervisor and Monetary Planning agency Saltus has appointed Alistair Stuart as its new chief working officer (COO).

It stated the rent would assist speed up its progress plans, with a give attention to driving the event of its partnership programme.

The programme was launched in September to offer monetary and operational help to Monetary Planning companies trying to develop or maximise profitability and to these contemplating exit.

Mr Stuart has beforehand held senior roles on the European Depository Financial institution, Investec, RBS and Westpac, and most just lately was director of operations transformation at Nationwide Constructing Society.

His focus has been on constructing and launching digital monetary providers within the UK and Europe, paying specific consideration to constructing personalised relationship fashions supported by expertise.

Jon Macintosh, chief govt of Saltus, stated Mr Stuart had “an in depth data and understanding of each the trade as an entire and what we’re trying to obtain with the Saltus Partnership Programme particularly.”

Mr Stuart stated: “There are vital challenges going through wealth administration companies right this moment, with new expertise, AI, regulation, and international market uncertainties simply a number of the main points going through owner-managers.

“The companies in a position to navigate this panorama with out shedding the human contact, balanced with a drive for innovation and technological development, would be the ones that thrive.”

Saltus began as an funding administration agency in 2004 and launched Saltus Monetary Planning in 2015. The Saltus group now employs greater than 200 folks.

Saltus made three acquisitions in 2022 together with London-based Chartered Monetary Planning agency Higgins Fairbairn Advisory LLP, Fish Monetary and NSL Wealth. The agency additionally acquired Lorica in 2020 and Consilia in March 2021.

Non-public fairness agency Preservation Capital Companions (PCP) took a majority stake in Saltus in 2022.

PCP specialises in buying monetary providers enterprise and has a number of investments throughout the Monetary Planning, wealth administration and funding sectors.

Its holdings embody a majority stake within the Parmenion platform which it acquired from Customary Life Aberdeen in March 2021.


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