Investment manager Marlborough has promoted Dom Clarke to CEO.
He replaces Richard Goodall who is now CEO of the Marlborough Group, which includes both Marlborough and Investment Fund Services, a provider of authorised corporate director services that enable companies to launch and operate collective investment funds.
Mr Clarke has held senior roles at the Bolton-based Marlborough Group since 2012, including group finance director and most recently group chief financial officer. He took on his new role on 1 January.
Marlborough is the appointed investment manager for the 22 IFSL Marlborough funds, the managed portfolio solutions range, international multi-asset portfolios and Marlborough’s bespoke portfolio management service, Personal Portfolio. The investment manager holds around £18bn in assets under management.
Mr Clarke said: “This a very exciting time for Marlborough, and I’m looking forward to leading such a committed and talented team as we begin a new year and a new chapter in our growth story.
“We see a huge opportunity to work in partnership with more adviser firms, helping them grow their businesses through our commitment to delivering first-class outcomes for their clients.”
Marlborough has a history of investing in financial advice firms, having taken stakes in Continuum, Carrick Wealth and BMP Wealth. Last year it acquired a 20% stake in London-based Chartered Financial Planning firm First Wealth.
In July 2024 the investment manager took a “significant stake” in national IFA and Chartered Financial Planning firm Truly Independent.
In 2024 Marlborough also made an investment in Financial Planner-focused fintech firm Clever Adviser Technology which provides quantitative, analysis-driven fund selection and asset allocation services for advisers.
Mr Goodall said: “Dom is an outstanding professional who knows our business and our industry inside out, and I have absolutely no doubt he’ll prove to be an outstanding CEO for Marlborough.
“I’m very much looking to working with Dom and all the other talented individuals across our businesses as we continue to turn our ambitious growth strategy into reality at a group level.”