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Search is on for £150k chief exec

Dublin-based financial services company International Finance Group is

believed to be searching for a new chief executive for its UK IFA arm, IFG

Life and Pensions.

Industry experts believe a recruitment ad for an unnamed personal

financial services group looking for a chief executive for its UK IFA

subsidiary relates to IFG.

The ad states the IFA business has annual fee and commission income of

£25m and operating profits of £8m. It offers a salary of

£150,000 plus bonus and equity participation.

At the announcement of IFG&#39s annual results in April group chief executive

Richard Hayes said he aims to grow a nationwide chain of IFAs in Britain

and Ireland.

IFG has made several recent acquisitions in the UK to expand its IFA

business including Berkeley Jacobs retirement advisers for around £12m

last September and the Isa Shop for around £12m in December.

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