Latest posts by Daniel Clark (see all)
- Robert De Niro talks investments in Antigua, Dubai - 13 Oct 2016
- Paul McNamara left IFG - 22 Sep 2016
- Nigel Green: Learn the top investing strategy of the wealthy - 20 Sep 2016
Paul McNamara has left the position of a group chief executive at financial services group IFG with an “immediate effect”.
Mr McNamara joined the Dublin- and London-based financial services group from Barclays in July 2014.
John Cotter, who has been a group finance director, has taken the role of CEO at IFG.
According to the interim report by IFG on August 25th, current trading remains in line with expectations.
Group chairman John Gallagher said he “would like to enclose his gratitude to Paul for his input to the group and congratulate John on his new position”.
Mr Cotter joined the board of IFG in 2013 taking the position of the group finance director. Before joining IFG, Mr Cotter had been working at Morgan Stanley for 15 years, performing different senior roles, and more recently 3 years at Collins Stewart Hawkpoint as group finance director and chief risk officer.
In 2015 the group reported that their pre-tax profits increased by 86% making it £8.6 million. The profits were largely driven by James Hay.
The restructuring of the group was finished in 2015, with the sale of its Irish general insurance business, and its sole focus is now on the UK wealth platform and high net worth advice markets, via its subsidiaries James Hay and Saunderson House.