Thinc Group’s new chief executive John Simmonds will continue the firm’s policy of achieving growth organically and by acquisition.
Simmonds took over as chief executive last week following Simon Chamberlain’s decision to retire from the business. He is keen to reassure Thinc advisers that it is business as usual and the company will continue in the same direction.
Simmonds is and will remain managing director of Advisory Services, the holding company set up by Axa to facilitate the purchase of Thinc, and a Thinc board director. Prior to Axa, he was managing director at Towry Law and has worked at AMP GI and Sun Life.
Simmonds says: “It was all rather sudden, it was not part of the overall plan. Over the last two weeks we have been having discussions with Simon about his future and his decision to retire meant we had to get on with it. My taking over seemed the logical solution.
“We will be making acquisitions but are also growing organically. Management and advisers will not notice or feel any difference under my coming in as chief executive. Nothing will change, as I will continue to take the business forward as it has been under Simon.”
Chamberlain wants to spend more time with his family. He says: “It is time to place Thinc in the hands of a new leader, to take it forward over the next five years with as much vigour and enthusiasm as I have done in the last five years.”