Cyprus-headquartered Woodbrook Group has hired Nigel Gregory as chief operating officer of its wealth management division.
This comes after the firm acquired financial planning firm Mondial (Dubai) for an undisclosed fee.
Gregory has three decades’ experience working in senior roles across the banking, wealth management and compliance sectors with roles at HSBC, Acuma Wealth Management LLC, AES International, HBOS.
He joins after spending several years as head of wealth and distribution at Dubai-based Acuma Wealth Management, which was bought by DeVere Group in 2013.
Michael Doherty, chief executive of Woodbrook Group, said: “We look forward to a very exciting few months ahead for the group.
“Nigel has worked at the very highest levels of the financial services’ industry: building businesses and sales distribution networks across a wide range of companies and territories.
“Nigel’s experience in the compliance sector is also invaluable as we continue to expand internationally in the months and years to come.”
M&A growth plan
In the role, Gregory will oversee the wealth management division across Woodbrook’s diverse range of companies, including Mondial, Mutual Trust, Robusto Asset Management and Felicitas.
He will also work closely with Doherty as the group looks to carry out a series of “planned mergers and acquisitions in the wealth management and corporate services sectors over the coming months”.
Doherty added: “We’re acquiring the right companies, with the right processes for the people in it and then we’re growing at the right pace.
“We want to grow relatively quick, but this growth has to be in line with best regulatory practices.”