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Smith & Williamson announces changes to senior management

Co-chief executives aim to be an 'evolutionary' firm

25 September 2013

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David Cobb and Kevin Stopps have been appointed co-chief executives while Andrew Sykes becomes chair of the board at Smith & Williamson with effect from Friday (27 September 2013).

Cobb and Stopps each joined the firm over 25 years ago, becoming head of investment management and banking in 2007 and leading the tax and business services division in 2010 respectively.

Sykes takes a non-executive role having served nine years on the board including five years as deputy chairman.

"The long-term success of Smith & Williamson is closely linked to the synergies between our service lines and the new management structure reflects the balance of emphasis we maintain between them," he said.

The changes follow the planned retirement of Gareth Pearce, who spent 27 years with the accountancy and investment management group and presided over its operating income growth from £27.5m in 1995 to £185.8m for the year ended 30 April 2013.

Sykes added: "We are indebted to Gareth for his many years of hard work and commitment to building the business. He leaves us with a very strong legacy on which to build. These are exciting times in the fields of both accountancy and investment."

Cobb and Stopps, who will each remain responsible for managing their respective divisions, summarised their joint ambition for the firm as "evolutionary, not revolutionary".

Smith & Williamson collected two accolades at the STEP Private Client Awards last week.

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Tax & Wealth structuring