Wealth manager and stockbroker, Killik & Co’s CIO Paul Kavanagh is set to leave the firm by the end of this year together with two other directors, Kareem Khouri and John Prior, to launch a new firm.
The move follows a strategy review at the firm that will see Killik cut the size of its derivative futures business.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Killik is instead seeking enhanced focus on its core broking, investment management and wealth planning businesses.
The trio has a combined total of 55 years of experience at the firm, where they were responsible for the derivatives division.
The planned business will primarily focus on the derivatives market.
Paul Killik, founder and senior partner of Killik, added: "Upon behalf of all my partners I hope that their new business joins the roster of other successful firms that have been born out of the deep pool of Killik & Co talent and entrepreneurialism."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
