South Africa-headquartered financial advisory firm Carrick Wealth has launched a share distribution scheme among its leadership team.
As part of the company’s ongoing drive “to create an inclusive and committed management team”, the firm said all country and city directors have been awarded ownership shares.
Chief executive Craig Featherby said the move made the leadership team truly part of the business.
“As the CEO and founder, it was never my intention to fully own Carrick. My vision was to build a company which people felt that they were a part of.
“We all need to know that we are in this together and the share distribution shows my commitment to building what I believe to be the strongest team in the business.”
Enormous loyalty and commitment
Unsurprisingly, the scheme has been well received by its beneficiaries.
“To become a part-owner in Carrick is a great honour and a privilege,” said Thomas Papenfus, head of Carrick Wealth Johannesburg.
“The share distribution shows enormous loyalty and commitment from the board and gives me even more reason to make sure our Johannesburg office thrives over the coming years.”
Carrick joint managing director Greg Stockton said launching the scheme reflected the visionary leadership that characterised Carrick’s success.
“I have worked in the financial services sector for more than 15 years and have rarely seen such a decisive show of faith as Craig’s offer of direct ownership to the people who will be directly involved in building the company over the long-term,” said Stockton.
In addition to local offices in Cape Town, Johannesburg and Durban; Carrick has a presence in Botswana, Zimbabwe, Malawi and Mauritius.