WH Ireland has named Stephen Ford as its new head of its wealth management arm, effective from February next year, after a series of resignations at the firm.

Ford most recently served as an executive director of City Asset Management where he was in charge of overhauling the investment process and distribution strategy.

Previously, he had a 16-year stint at British wealth manager Brewin Dolphin. He was head of the firm’s wealth and investment management unit and head of its London office.

He also served as Brewin Dolphin’s transformation director, with responsibility for heading the delivery of the business transformation programme.

Series of resignations

WH Ireland’s previous wealth management head Roddy Buchanan departed in June this year following a difference of opinion regarding business strategy. In May the firm issued a loss warning for the 16 months to the end of March, citing escalating wealth management costs.

The firm’s CEO Richard Killingbeck stepped down in July to “pursue other opportunities.”

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By GlobalData

Then, last month, the firm’s finance director Daniel Cowland resigned from the firm. The move came as the wealth manager reported pre-tax loss of £2.13m for the six months ended 30 September 2018. In the previous year, the firm’s pre-tax loss was £960,000.