Caroline Hawkesley, currently chief operations officer, will take the new role later this year with Neil Moles remaining as CEO.

The company says the restructure is designed strengthen its position in the UK market and prepare the business for future international growth.

Further appointments related to the restructure will be announced in due course, the firm says.

Ms Hawkesley began her career in the banking industry before co-founding her own financial advisory firm, Evolve.

Evolve was acquired by Progeny in 2018 and she then went on to head the Progeny operations team. 

In her new role she will manage and direct Progeny’s activities in the UK, as the business continues to develop its “multi-disciplinary professional services platform.”

The company combines Financial Planning, asset management, tax, HR and private and corporate legal services.

The company has been highly acquisitive in recent years. Earlier this month it announced it would acquire three-office East Anglian Chartered Financial Planning firm Gibbs Denley. The deal expanded Progeny’s footprint in East Anglia and boosted total Progeny Assets Under Management to over £7.5bn.

Progeny acquired several Chartered Financial Planning firms in 2022.

Ms Hawkesley said: “I am thrilled to be heading up the UK arm of Progeny at such a hugely exciting stage in our evolution. To be managing the UK business, and our exceptionally talented team, is a great privilege and I can’t wait to get started.”

Mr Moles said: “This is a measure of our ambitions for the Progeny brand and business in the years ahead. Having worked alongside Caroline for many years, I know what a supremely capable manager and leader she is, someone who can bring energy, resilience and determination to driving Progeny forward in the UK.”