In a statement, it said that Coady had “successfully completed the agreed 12-month assignment” and will now focus on other industry developments.
Formerly managing director of deVere UK, Coady joined Guardian Wealth Management (GWM) in the UAE “with immediate effect” in December 2016.
There was no mention at the time his appointment was announced, however, that Coady’s contract was for just 12 months.
He was tasked with “driving the global expansion of the GWM Group” and appointed to head up the firm’s new corporate solutions division in the UAE in April.
The press release cited a recent statement from Coady: “Having initially partnered with GWM to develop their business in preparation for its continued expansion plans, I have been extremely impressed by the transformation the firm has encountered. Guardian have successfully increased their business in the last 12 months by staff numbers, opened new offices, delivered a number of ancillary brands and increased their AUM.
“As a company, we have been able to significantly develop the infrastructure and technology of the business and I strongly believe GWM is now one of the most advanced business’ in the market and can continue with their plans for 2018 and beyond. “
The GWM board added: “Mike has made an exceptional contribution to GWM and we must thank him enormously for what he has achieved in such a short period of time with the support from everyone within the company. The board and the company are full of appreciation for the professional commitment, dedication and achievements Mike has made.
“A very clear set of goals were planned at the outset and we know that our management team will continue with these along with our vision and grow GWM from strength to strength. We wish Mike all the best for the future.”