MWA bolsters Board following Coniston deal
MWA Financial has strengthened its Board with the promotion of operations and integration specialist Marine Deruelle to Executive Director.
Marine’s promotion creates a five-strong Board made up of Executive Chairman Ed Rosengarten, CEO Cam Banks and Non-Executive Directors Ben Kirby and Phil Young.
The decision to expand the Board comes on the back of a recent injection of growth capital from private equity firm Coniston Capital designed to accelerate MWA's existing acquisition and integration strategy.
Having graduated with a Masters in international business and languages, Marine spent eight years working in the financial services industry; including within AXA Australia and AMP Limited. Marine joined MWA in 2022 as Head of Operations. She specialises in post-acquisition integration and has been the lead architect of MWA's institutional quality operational platform.
MWA was launched by CEO Campbell Banks in 2016 with the ambition of recreating here in the UK the holistic advice model prevalent in his native Australia. Banks has more than 25 years’ experience developing financial advice networks in Australia for the likes of ING, AXA Asia Pacific and AMP.
Ed Rosengarten became Executive Chairman of MWA in 2021 to help accelerate and execute its growth strategy. Before joining, Rosengarten was head of funds and a partner at Smith & Williamson and, prior to that, spent 20 years at M&G, the last ten of which as chief executive of the firm’s equity business.
Headquartered in London, MWA Financial currently has offices in Hertfordshire, Hampshire, Essex, Oxfordshire, London, Cornwall and the Scottish Borders.
With five acquisitions completed in the last two years, MWA has a further four deals in the pipeline that it anticipates will take AUA for the business above the £1bn mark by the summer of 2024.
Commenting on the appointment, Cam Banks said: “It is a pleasure and a privilege to welcome Marine to the Board. She has played a pivotal role in the successful integration of our acquisitions to date and with our pace of growth due to pick up it is reassuring to have someone with her unique blend of skills and experience in control.”
Commenting, Marine said: “With a new equity partner on board and a significant injection of growth capital to deploy, it is an exciting time to be part of the MWA team. While industry interest tends to be on the volume and nature of deals being done, the real success of any acquisition should be judged on the long-term effectiveness of the integration strategy. We are finding that this is something that vendors are increasingly taking much more interest in.”
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For more information contact:
Andrew Appleyard, MRM - 07909 684 468 / andrew.appleyard@mrm-london.com
