EQ Investors has promoted three employees to the role of joint chief executive as incumbent John Spiers becomes non-executive chairman.
Sophie Kennedy, Nath Papadacis and Mark Howlett have been elevated to lead the wealth manager, with each being responsible for a different area of the business.
Kennedy (pictured) runs the investment management business, Papadacis is focused on operations and IT, while Howlett heads the financial planning division.
Spiers said: “I am hugely excited about what we can achieve with this new dynamic within the senior management team. The adopted joint-CEO structure is a forward-looking step for EQ.
“I look forward to providing support and guidance to Nath, Sophie and Mark in the coming years. They have worked hard for this moment, and this is their time to take this company forward.”
Spiers is to focus on the EQ Foundation, the company’s charity arm which has as donated more than £1m to registered charities since inception in 2015.
Spiers said his EQ shareholding “is not and will not be for sale”. “A significant portion has been transferred to the EQ Foundation which now controls over 20% and in due course it is my intention that it will receive the remainder.”
