Clayton Euro Risk chief executive Tim Keast is leaving the company at the end of June and former Edeus chief executive Michael Bolton has been appointed joint chief executive.
Bolton will manage Clayton Euro Risk’s commercial business and strategic development in addition to overseeing the various country heads.
After five years at HBOS as head of specialist lending, Bolton launched new lender Edeus in 2006. Edeus went into administration in 2008 when Bolton took redundancy as chief executive. He went on to launch equity release support services firm Chaterhouse Retirement Solution in 2009 with former director of packaging at Edeus, Terry Pritchard.
Former HSBC project manager Teresa Gallagher, who has also been appointed joint chief executive, will manage operations and delivery.
Both will report to Clayton Holdings president Paul Bossidy.
Keast says: “I have been planning to work fewer hours for some time now, and feel the company is in a strong position with an outstanding team of senior managers and staff to take the business forward, and that now would be a good time.”
Bolton says: “I would like to add my best wishes to Tim for the future. We intend to continue the growth of the business and are excited by the opportunities to expand both our product offering and footprint in new markets and jurisdictions opening across Europe.”