Share-broking and financial planning groupTolhurst Noallhas appointed formerPotter Warburgsenior executive, John Wilson, as its new managing director and chief executive
The move follows a decision by incumbent chief executive, Ian Johnson, who has been at the helm of the company for 20 of his 40 year history with the firm, to focus on Tolhurst’s research operations and its long standing client base.
Johnson will remain an executive director of the company.
“Ian will now assume a key role in the continuing development of the TNGL research function which is an integral and key part of the firm’s services to its clients. He will continue to service many of the long-standing and important clients of the firm, and in addition to this will have special responsibility for a number of the wealth management investments of TNGL,” says company chairman, John Harry.
Tolhurst Noall was spawned following the merger in 2001 of Tolhurst Securities and Noall Group and posted a moderate loss for the six months to December 31 2002.
“The group has been through a difficult period. However, our financial performance has improved substantially and I believe there are many opportunities for the company. We have a good team across the group and I am looking forward to working with them all,” says new CEO John Wilson.
Wilson was previously head of corporate finance at Potter Warburg.
