Monetary Planner {and professional} companies agency Progeny has appointed Tom Wooden as its new chief monetary officer because the agency appears for choices to hurry up progress.

He brings over 25 years of expertise in monetary companies, together with main change and progress inside non-public equity-backed companies.

Former roles embody CEO and CFO of Shawbrook Group, and chief restructuring and monetary officer of the Co-Operative Financial institution, throughout which he co-advised on its recapitalisation.

Mr Wooden mentioned: “I’m delighted to hitch Neil and the crew at this thrilling and energising time for Progeny. Progeny is a novel enterprise nicely positioned to increase its scale and attain.”

His appointment comes as Progeny appears to spice up its progress, with Mr Wooden’s experience in mergers and acquisitions prone to play a pivotal position in advancing the agency’s acquisitive technique.

Neil Moles, CEO of Progeny, mentioned Mr Wooden selected to hitch the Monetary Planning agency having spent a while working as a marketing consultant with the enterprise.

He mentioned: “Having hung out contained in the enterprise in an advisory capability, he’s seen first-hand our ambition and what we’re looking for to realize and has determined he desires to be part of it. From a CFO of his pedigree and expertise, I couldn’t consider a better accolade for our enterprise.

“Tom’s CV speaks for itself in that he’s a extremely expert and strategic operator at this degree with a demonstrable monitor report of success and we’re very enthusiastic about what he’ll contribute to Progeny.”

Leeds-based Progeny has made numerous acquisitions in latest months together with buying HNW-focused Chartered monetary recommendation agency Chartered Wealth Administration in January.

The agency made a number of acquisitions final 12 months together with in October the takeover of £600 AUM Scottish Chartered Monetary Planner agency Carbon Monetary Companions for an undisclosed sum. Earlier within the 12 months it acquired Nottingham-based Fiscal Engineers.

In April 2023 it acquired the Fry Group increasing the agency’s attain into worldwide territories for the primary time, including places of work within the Center East, Asia and Europe.