In a release to the stock exchange, the AIM-listed wealth manager said Sinclair will leave at the end of July, “to assume a senior role at another company in an unrelated industry.”
According to Ashcourt Rowan, it has no plans to look for a replacement and will split Sinclair’s responsibilities “across the group”.
Steve Haines, non-executive director, will also step down from Ashcourt’s board, the wealth manager said, as he has taken over as head of the group's governance and risk functions, which is an executive role, while current chairman, Hugh Ward will replace him as head of the audit committee.
“It is intended that this appointment will be on an interim basis until a new non-executive director is appointed,” the group said, adding that the search for a new non-executive director is already underway.
Thanking Sinclair for his “central role” in the modernisation of the group, CEO Jonathan Polin said of Haines’ new role: “"Steve has been a tremendous help in recruiting the new management team we currently have in place and I am delighted to welcome him as head of governance and risk. His skills and expertise will be invaluable as we look to move the business to the next stage of our development."
