Staffordshire based wealth management firm, Sorbus Partners has appointed Steve Hollis, the former chairman of KPMG’s Midland practice, as chairman of its advisory board.

Sorbus was founded in 2012 by Post columnist Max Thowless-Reeves and Tom Hall, after the pair left UBS Investment Bank and UBS Wealth Management.

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The pair left senior roles at UBS to set up the first multi-family office to be based in the Midlands. The firm has already received approval from the FCA and signed up its first clients.

Hollis most recently served for 30 years with KPMG during which time he served on the global, European and UK boards in various roles. Prior to this, he served as deputy chairman of the Greater Birmingham and Solihull LEP.

Hollis said: "The Sorbus Partners proposition is an exciting new model in managing wealth for high net worth individuals and families.

"Max and Tom understand the intricacies of family wealth management and have developed a cost structure that delivers value and transparency, I have no doubt that the Sorbus Partners proposition will resonate with many families seeking a new and more innovative approach."

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Thowless-Reeves said: "Steve’s appointment reinforces our ambition to deliver an alternative option to private banks in looking after the wealth management of families across the UK."