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Kingswood Holdings CEO steps down

Kingswood Holdings Ltd. CEO Marianne Ismail will step down from the post to pursue other interests, effective immediately.

The London asset manager appointed its executive deputy chairman, Gary Wilder, to succeed Ismail.

Kingswood added that Finance Director Patrick Goulding will also become CEO of its operating units, while COO Graydon Butler will join its board in the coming weeks.

The management changes come as Kingswood's board recently approved a three-year growth plan, with Chairman Buzz West saying the company aims to "grow both organically and dynamically by acquisition in the U.K. and U.S."