Hoxton Capital Management has today (2 March) named Gary Kershaw as non-executive director with immediate effect, following regulatory approval.
Kershaw was one of the founding directors of SimplyBiz - the UK provider of regulatory and business support to the retail financial service market - back in 2002 after spending five years with Bankhall Group.
The appointment coincides with Hoxton's recent announcement that the firm had surpassed the marker of £1bn under management which was achieved in just under five years.
Chris Ball, managing partner at Hoxton said: "We are delighted to have Gary on board - his industry experience and track record speak for themselves, and he will add tremendous value to our growth strategy going forward. I'm personally really looking forward to working with him on our future projects." Chris Ball, Managing Partner at Hoxton.
During his 20 years with SimplyBiz Group as group compliance director, he was responsible for overseeing all regulatory services offered by the Group. He was also instrumental in the creation and launch of several the Group's ancillary services, including its strategic relationships with Intelliflo and SmartSearch, and the launch of the Pension Transfer referral panel (on which Hoxton Capital has sat as a member since 2021).
He was also integral to creating SimplyBiz's Mergers and Acquisition service "Horizon".
"Hoxton is a firm I know well and have a tremendous amount of respect for - I have always been a passionate advocate for high-quality advice and for firms that do the job correctly. Chris and the rest of the team have managed their rapid growth extremely well, and I am looking forward to playing my part in assisting with the strategy from here." said Kershaw.
The surpassing of £1bn in assets under management marks a significant milestone that comes just before the end of the fifth year since Hoxton's inception.
Currently operating from different hubs to reach its global niche clientele (UAE, UK, US, Cyprus, and Australia), Hoxton further said its success has been one of rapid, continual growth since 2018.
Chris Ball, managing partner, said: "This is a huge marker for us, and one which makes us extremely proud to be able to announce. I am tremendously grateful to the excellent team we have at Hoxton, across all aspects of the business, not just our advisory team.
"Across compliance, marketing, operations, admin, and tech, we have high-quality, highly skilled, and highly committed individuals - that is the Hoxton breed. Our investment into developing our own technology has been there from the start and has played a big part in enabling this growth also - our clients are seeing the fruits of that now with the latest version of our client portal."
"Most of all, of course, we thank our clients, without whose trust, support and continued belief in our ability to deliver the right outcomes - well, we wouldn't have a business without our clients!".
Group director of compliance, Paul Tate, said: "This achievement reflects our firm's commitment to client outcomes in that we are actively having a positive impact in our client's lives and long-term investments, and is a testament to the dedication of our team to deliver unbiased advice that safeguards each of our client's financial futures".
Hoxton also highlighted its holistic advice ranging arcross from pensions, protection, investments to property, and the recent addition of tax services.
Matt Dean, managing partner, said: "Hoxton was founded to change the public's perspective of the international advisory sector and to deliver a holistic financial offering to our customers.
"Today, we consider ourselves market leaders in that respect, and our use and development of technology as a solution for both the business and our clients are quickly starting to position us as a pioneer firm within the sector as well. We are excited for the future of our proposition and for the things that it will enable for our clients moving forward".