Hurst Point Group has appointed Andrew Westenberger to succeed Ian Gladman as CEO, as the founder becomes non-executive chair of the company.
Gladman founded Hurst Point six years ago, accumulating £10bn of assets under advice and management under his tenure, and acquiring Hawksmoor and Harwood Wealth.
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“I have led the group in an executive capacity for five years now, since Carlyle’s original investment, so this a good time for me to pass on the baton of day-to-day management of the business, and to transition into what was originally intended to be my role as Chairman, giving me the bandwidth to consider the widest range of opportunities to grow and develop the Group,” Gladman said.
“I will continue to work closely with Andrew and his team in my new role, not least in the first instance to ensure a seamless transition, and I will remain a committed shareholder in the business.”
Westenberger has been CFO at Hurst Point since January 2024, and was previously group CEO at Brewin Dolphin and Evolution Group. He spent nearly a decade with Barclays, where he ran a global finance team. Hurst Point said it has found a replacement for the CFO role.
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“The need is growing for expertise in financial advice and investments being available to, and equally delivering good outcomes for, consumers in the UK. Our business is well placed to benefit from this trend,” Westenberger said.
“We aim to deliver valuable outcomes to our clients, to help them achieve their goals through our financial advice and investment expertise, and we are continuing to invest significantly in systems, processes and people which will enable us to better support that goal. I look forward to our clients and our firm continuing to enjoy a mutually beneficial relationship.”