The firm has also made a trio of regional appointments with Matt Beddall, Carl Cross and Richard Greenhalgh being named heads of its offices in Sheffield, Liverpool and Manchester, respectively.
Street has been shifted from is role as head of investment management, and will now be responsible for all client-facing areas comprising financial planning, private office, the AIM division as well as continuing to oversee investment management. He also assumes responsibility for research, investment risk, projects and marketing, and will continue to report to IW&I chief executive, Jonathan Wragg.
Beddall, a senior investment director will take overall responsibility for the Sheffield office from Street, “to ensure a smooth transition of responsibilities,” the firm said.
Cross, takes over as head of IW&I’s Liverpool office from Jon Seal, who will retire in 2017. He has worked in the Liverpool office for more than 20 years.
Greenhalgh takes over from Jonathan Quick in Manchester, who is retiring during 2016.
“I am delighted that Tom has agreed to take on the new role of managing director,” said Wragg. “This new structure is an important step forward as it will provide further support for our business as we continue to expand while ensuring that our service to our existing client base is enhanced further. “I am also very pleased to be announcing Matt, Carl and Richard as the new heads of our offices in Sheffield, Liverpool and Manchester. All three have already played important roles in expanding our presence in and around these fast-growing cities, and will continue to ensure that we provide clients with the highest level of service.”
“It is a very exciting time for the business and as we take on the challenges of operating and expanding in a changing environment, we want to ensure that we offer clients a service of the highest possible standard, delivered by high-calibre people with expertise and integrity,” said Street.