Skybound Wealth Management today (15 August) announced the departure of Lyon Botha, chief executive officer, who steps down from his position to pursue new opportunities after three and a half years in the role.
In the statement, the global wealth manager said that "during his time with Skybound Wealth, Botha guided the company through a period of transition. Having established well-rounded support functions along with the attainment of key licences, he leaves with the business on a strong footing".
Existing chief commercial officer, Ian Sweet becomes the company's new CEO with immediate effect.
Sweet, who possesses a wealth of experience working at Board level both within the public and private sectors, played an instrumental role in Skybound Wealth's expansion into various international markets during a previous ten-year stint with the company. Since re-joining the Board of Directors in November 2020, he has helped to increase Skybound's global footprint.
Sweet said: "It has been a pleasure to work with Lyon and I would like to personally thank him for all the great work we have achieved as a business under his leadership. The foundations we have built over the last three years will allow us to continue our journey to become the international Advisor of choice for both clients and Advisors."
He added: "We are well positioned to become a dominant player in the international and domestic wealth management sector. As a business, we remain committed to utilising and developing technology as a way to both enhance how we service clients, and to provide Skybound Wealth's Advisors with the tools that allow them to provide an industry leading proposition to international investors."
Sweet will be supported by two long-standing members of the Skybound Wealth executive team, Husain Rangwalla and Peter Gollogly.
