LEBC has restructured its business into four divisions and managing director Nigel Stallworthy has announced his retirement.
Stallworthy, who was a founding director, lead the company jointly with chief executive Jack McVitie.
LEBC says Stallworthy (pictured) was instrumental in growing the business to a turnover of £10m.
McVitie says: “Although Nigel has retired, the business will continue its path of growth and the management will continue to take the company on to its next level. I am looking forward to continued expansion and development of the business.”
The national IFA firm, which is an appointed representative of Sesame, will now split into four divisions as part of an internal restructure designed to focus on key business areas. The new divisions will be savings, group investment, healthcare and longevity.
The savings division will be headed up by Kay Ingram, Glynn Jones will head the group investment division, Lindsey Joseph will lead healthcare and Nick Flynn will head up the longevity division.
In December LEBC held talks with Aegon over the possibility of acquiring the provider’s IFA business Origen.