UK chartered financial planning firm Fairstone, has appointed Gerard Murray as Chief Financial Officer (CFO). Murray will take up the role in January 2018 and will also join the Fairstone Group board of directors.
This appointment will also enable Fairstone’s current CFO, Scott Hopkinson, to move into his new role as Chief Commercial Officer with responsibility for driving the company’s entire acquisition programme.
Murray brings with him over 30 years of experience in some of the north’s leading private and public businesses having held senior roles at Reg Vardy plc, Northgate plc, Benfield Motor Group and most recently at Quantum Pharma Plc.
Earlier in his career Murray spent almost 15 years at Reg Vardy plc, an automotive retail group which grew from a single franchised dealership in 1981 to become one of the UK’s leading quoted motor retailers. The business was acquired by Pendragon Plc in February 2006 for an equity value of over GBP500 million when its turnover had grown to GBP1.7 billion.
Ged has been involved in a number of major transactions including the Reg Vardy initial public offering (IPO), the acquisition by Northgate plc of Arriva Vehicle Rental in 2006 for an enterprise value of GBP127 million and most recently the sale of Benfield Motor Group to Lookers plc in 2015 for GBP87.5m and the acquisition of Quantum Pharma Plc by Clinigen Group Plc for GBP150 million in October 2017.
Fairstone Chief Executive, Lee Hartley, says: “We are delighted to welcome Ged to Fairstone’s senior management team. His corporate finance experience and history of working with some of the UK’s foremost PLCs will be of great benefit for the future growth of the company and further reinforces our commitment to becoming a lead player in the wealth management sector.”
Murray adds: “I am delighted to be joining the team at this exciting time in its ongoing development. Fairstone is in a very strong position and has built some incredible momentum over the last few years thanks to its differentiated model. I’m looking forward to being a key part of the firm’s continued success.”