Loyal North has appointed Patrick Goulding as Group Managing Director, strengthening its executive team as the group accelerates its buy-and-build programme across the UK wealth market. The appointment follows Loyal North’s recent refinancing, which has secured funding to materially increase acquisition activity over the next two to three years.
Patrick brings more than three decades of senior experience across wealth and investment management. He qualified as a chartered accountant with PwC before holding senior and managing director roles at Schroders, ING and Morgan Stanley. He previously served as Chief Executive of Kingswood, the AIM-listed wealth management group, where he led the firm’s acquisition and integration programme, scaling assets under management to approximately £6 billion and overseeing a network of more than 120 financial advisers. Following the sale of Kingswood, he supported the shareholders of One Four Nine Group, another UK IFA consolidator, through the initial phase of its buy-and-build strategy.
At Loyal North, Patrick will work closely with the group’s financial advisory businesses, with a particular focus on acquisition integration, process improvement and adviser-led growth.
Patrick Goulding, Group Managing Director of Loyal North, said: “I am delighted to join Kirill and the Loyal North team at this critical stage of their growth journey. I have long admired their disciplined approach, and the measured way they have built their platform. I look forward to partnering with the advisers across the network to further drive business optimisation and support the platform’s next stage of scaled growth.”
Strategic context.
The appointment comes as Loyal North accelerates its buy-and-build strategy following the refinancing and the acquisition of MPB Financial Planning. The group operates 13 offices across the UK, with more than 35 advisers and circa £2 billion in client assets, combining regional hub transactions with complementary bolt-on deals.
Kirill Ilinski, Group CEO of Loyal North, said: “Patrick’s experience of building, scaling and integrating UK wealth management businesses at material scale is exactly the leadership profile we need as we move into the next phase of growth.”
About Loyal North.
Loyal North is a UK nationwide wealth platform, part of the Fusion Group, that combines financial advice, platform technology and investment management into an integrated proposition. The group operates three business lines: a national IFA business (Financial Planning) growing organically and through acquisition; JustFA, an end-to-end digital advice and investment platform for UK financial advisers; and Fusion MPS, a Defaqto 5-Star-rated discretionary managed portfolio service.