By Daniel Lanyon on Monday 16 December 2019
Lindsey McMurray and Howard Garland have been appointed to Kingswood Board.
The announcement follows an £80m commitment in September this year which saw by way of an issue of irredeemable Convertible Preference Shares to certain investors and funds managed and/or advised by Pollen Street.
Pollen Street says the investment and “rigorous restructuring” over the last two years of Kingswood means the firm “has a strong foundation in place to grow and expand”.
Lindsey McMurray founded Pollen Street in 2013 and is the Managing Partner as well as Chairman of the investment committee. She has been a private equity investor for more than 20 years with a focus on the Financial Services sector.
Howard Garland is a Partner of Pollen Street where he focuses on investing in financial services businesses and credit opportunities with current responsibility for BIK and Deko, as well as a number of credit investments including Caledonian Finance and Sancus. Howard was previously responsible for Banca Sistema and Arrow Global.
Gary Wilder, Group CEO at Kingswood, said: “This has been a year of highly effective transformation and we are excited to see what 2020 will bring. The growth capital from Pollen Street has enriched the firm with the ability to capitalise on the consolidation opportunities available in the global wealth management market.”
AIM-listed Kingswood is a wealth management group, with 5,500 active clients and c.£2.5bin of Assets under Management and Advice. It has a growing network of offices in the UK including Abingdon, Beverley, Derby, Lincoln, London, Maidstone, Sheffield and Worcester, and offices in Johannesburg, South Africa and New York, USA.