Syndicate Asset Management has promoted Mark Cheshire from interim to full-time chief executive.
In addition to his board position, Cheshire will continue in his role as chief executive of Syndicate’s wholly owned wealth management division, Ashcourt Rowan.
Cheshire was appointed interim chief executive following the resignation of group chief executive Jonathan Freeman in December.
Cheshire was previously director of UK private wealth management at Lloyds TSB and chief executive at Lloyds TSB Private Banking before joining Ashcourt Rowan in November 2009.
In September, Ashcourt Rowan Financial Planning bought the Co-operative Bank’s IFA arm.
Syndicate non-executive chairman Peter Dew says: “We are delighted that Mark has accepted the position of Group CEO. He has the full backing of the Board and our major shareholders to drive through his programme for delivering significant growth within the business in terms of both revenue and profitability improvement.”