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Johnston to grow Punter

IFA dealmaker Paul Johnston has been appointed managing director of Punter Southall Financial Management with the role of expanding the business.

The former managing director of Chase de Vere’s private client business says his job will be to continue growth at PSFM which now has annual revenues totalling 6m.

Johnston says the firm will still develop services to private and corporate clients in areas such as group personal pensions and his appointment does not represent a change of direction for the firm.

One area for growth will be access to Hichens Investment Management’s funds, where PSFM will be looking to offer these clients its services, says Johnston.

Johnston was previously managing director of Momentum Financial Services and was responsible for leading it to a sale to Aegon in 2002.

He was managing director of Aon Consulting Financial Services & Healthcare, merging three financial companies before leading a management buyout to form Momentum in 2000.

Johnston says: “My job will be to ensure the business continues to grow over the next three years. The big question will be the pace at which we want to grow. I have to strike a balance between growth and quality of service.”

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