Neil Dunkley, currently joint CEO of Harwood, will become managing director of Financial Planning and will remain an executive director of Harwood Wealth. In an announcement to the Stock Exchange the company said the change in role will enable him to “fully dedicate his time” to management of the financial advisory business.
Alan Durrant, currently joint CEO, will assume the role of sole CEO of the group. Alongside his responsibilities as chief executive, he will continue to lead the growth of Wellian, the investment management division of the Group.
Harwood has expanded rapidly in recent years and in March acquired the Chartered Financial Planner firm AE Financial Services in a deal worth more than £6 million.
Harwood says the executive changes have been driven, in part, by the forthcoming changes to the Senior Managers Regime and as part of the group's continuing evaluation of how best to organise its internal structure and reporting lines.
In addition, Nick Bravery, currently group CFO, is to step down as CFO from October. He will assume the position of company secretary, a non-board role. The board intends to appoint a replacement in due course.
Peter Mann, chairman of Harwood Wealth, said: "As Harwood continues to grow and deliver against its strategy, we believe that the changes made today make the best possible use of the resources within our senior team and are confident that this will continue to enable the group to thrive.
"The board is very pleased that we will be retaining Neil and Nick's skills within the Group. Alongside Alan and the board, they have led the group through several years of rapid growth and its listing on AIM. We look forward to their continued contribution in their new roles.”