Industry veteran Paul Bradshaw has taken over as chairman at Sumus and will oversee strategy for its portfolio of adviser brands.
Bradshaw replaces Mike Innes, who stands down after two years. He will work closely with the management of the Sumus brands, Falcon Group, Financial Synergies and Financial Services Advice & Support, in a non-executive role.
Falcon Group chief executive Allan Rosengren says the board chose Bradshaw unanimously for his strategic flair and experience in financial services, noting that his knowledge of the wrap market was also of great interest.
Bradshaw has headed several major financial services companies including Skandia Life and Scottish Amicable International. Latterly, he was Abbey insurance and asset management chief executive.
He is also chairman of Nucleus and a non-executive director of Merchant Investors.
Innes is returning to the construction and property sectors where he made his name.
Rosengren says: “I have known Paul for almost 20 years and I specifically wanted him to join us. The board was unanimous in its support.”
Bradshaw says: “This is a sensible business with cash on the balance sheet. It will give me a broader experience than just working with Nucleus IFAs.”