Bryan Parkinson, head of Financial Planning at Punter Southall Aspire, has been appointed managing director, head of wealth planning at Kingswood.

The wealth manager and Financial Planner has also recruited Vinoy Nursiah from CSC Global Financial Markets to be its chief financial officer.

Bryan Parkinson is experienced in leading financial advisory businesses and before his time at Punter Southall Aspire he led the Financial Planning business of AJ Gallagher. He has also held executive roles at Standard life and Barclays Wealth.

His appointment forms part of the establishment of a team of regional directors in wealth planning at Kingswood who will report to Mr Parkinson.

New CFO Vinoy Nursiah built a new global finance team, operating model and platform during his time at administrative services firm CSC Global Financial Markets. Before that, he was director of finance at Intertrust Group and group finance director at SFM Europe.

David Lawrence, chief executive of Kingswood Group, said: “Both appointments support our ambition to be a leading provider of wealth management services in the UK and internationally as we prepare for our next phase of growth.”

Kingswood Holdings Limited (trading as Kingswood) is an AIM-listed international wealth management group with around £12bn of assets under advice and management. It services around 19,000 clients from a network of offices across the UK with overseas offices in Ireland, South Africa and the US. Kingswood has made more than 15 acquisitions since the start of 2021.

In February it acquired Dublin retirement planning advice firm BasePlan through its Irish subsidiary Moloney Investment. Kingswood bought Moloney Investments (MMPI) for £23m in September 2022, with the deal achieving regulatory approval in March 2023. It was the group’s first move into the Irish market.

It also acquired Berkshire-based Financial Planner Barry Fleming & Partners for £6.2m in January and JFP Holdings Limited, the parent company of Cheshire Chartered Financial Planner JFP Financial Services Limited, for £12.4m in December.

Rumours that Kingswood would be sold have circulated over the past couple of years but in October last year the firm said it had ruled out a sale of the business after a strategic review. 

Last month it secured a new £8m unsecured debt facility for the business from its private equity owner Pollen Street Capital. Kingswood entered into a facility agreement with HSQ Investment, a wholly-owned indirect subsidiary of funds managed and/or advised by Pollen Street.