Utmost makes key appointments in the Isle of Man

Utmost Wealth Solutions has announced six senior appointments to its Isle of Man operations as it goes for growth.

Karl Moore has been appointed as chief financial officer and has joined the boards of the various Utmost companies in the Isle of Man. Moore has years of senior executive experience most latterly with Barclays.

Joining the new CFO, other senior appointments are Neil Cowley, financial controller, Lee Worsfold, finance change manager, Charlotte Barham, finance manager, Charles Groom, actuarial manager and Jonathan Phiri as head of actuarial.

The company has extended its global reach, having doubled assets under management over the last 18 months to €24bn, with further growth expected.

These “key appointments” within its Isle of Man finance department bring a wide range of experience encompassing the international life assurance sector, banking and big four accountancy, the company said in a statement.

“I am delighted to have such a strong team supporting me and look forward to working with them as we take the business forward,” Moore said.

Chief executive Mike Foy added: “Utmost Wealth Solutions continues to expand as we realise our aspirations to be a leader in the international wealth solutions market.

“With our assets under management doubling over the last 18 months, and with the new Isle of Man solvency regime having come into force, we have made some key appointments to our finance function over the last few months to maintain a sustainable platform for continued growth.”

The team’s diverse knowledge-base is being directed to spearhead the financial governance of the company’s continued expansion.

The enhanced actuarial function will lead activity in respect of the new Isle of Man solvency requirements and the further development of a robust corporate governance framework.

Seated left to right – Karl Moore, chief financial officer, Mike Foy, chief executive officer

Standing left to right – Neil Cowley, financial controller, Lee Worsfold, finance change manager, Charlotte Barham, finance manager, Charles Groom, actuarial manager and Jonathan Phiri, head of actuarial.

“These are exciting times at Utmost Wealth Solutions,” Foy added.

Utmost Wealth Solutions is a market specialist wealth manager with a global footprint and over £22bn of assets.

It is a provider of international savings, protection and investment solutions into the UK, continental Europe and Asia from Ireland and the Isle of Man.

The business is based at Royalty House, Walpole Avenue, Douglas.

ABOUT THE AUTHOR
Pedro Gonçalves
Pedro Gonçalves is Financial Correspondent at International Investment.

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