FNZ group CEO Adrian Durham to step down
Adrian Durham, the founder and group CEO of London-based global wealth management platform FNZ, is to step down after 21 years as CEO.
FNZ chief Adrian Durham steps down
The outgoing head has announced that “now is the right time to transition” as he shifts to non-executive founding director and senior advisor.
He will maintain his seat on the group’s board and continue as a major shareholder in the company.
Under Durham’s leadership, FNZ, founded in New Zealand in 2003, says it has evolved into a global enterprise with over $1.4 billion in annual revenue and a workforce of 6,000 spanning over 30 countries.
Moreover, the enterprise claims it has digitised savings and investments for over 24 million consumers, managing more than $1.6 trillion in assets.
Durham will hand the reins to Blythe Masters, a former JP Morgan executive, who has been named as the new group CEO.
In addition, the wealth manager has also appointed former BNY exec Roman Regelman to group president, as well as Stephen Daffron to strategic advisor.
According to the company, Masters, Regelman and Daffron bring “expert sectoral knowledge”, with the incoming CEO and strategic advisor also joining with insights into FNZ’s operations from their roles as founding partners of strategic investor Motive Partners.
Alongside Durham’s departure announcement, FNZ revealed that existing shareholders have pledged $1 billion to “support the enduring success of the business over the long term”.
These funds add to the $1.4 billion raised from CPP Investments and Motive Partners in 2022.
