AWD Chase de Vere Wealth Management and AWD Chase de Vere Consulting will continue to be led by their existing management teams.  Both businesses will report to the UK Board which in turn reports to Nils Frowein, vice chairman of the board of management at AWD Holding.

“Mike Kirsch leaves with our thanks having done a great job.  He has successfully taken our UK business through its strategic review, addressed legacy regulatory issues and concluded the sale of our Moneyextra, Home Finance and Read subsidiaries.  Our UK operations are now far stronger with more straightforward management structures.  Both our Wealth Management and Consulting businesses have robust, stable management teams and are well positioned for growth,” said Simon Waugh, chairman at AWD Chase de Vere UK, in a statement. 

“The Company has changed fundamentally and is now positioned for future success.  I would like to thank everybody for their help in achieving this.  It is now the right time for me to move on.  I am looking forward to a few months rest before I take on my next challenge,” said Mr Kirsch. The firm could not comment to WealthBriefing on the nature of that challenge.

AWD Chase de Vere has over 200 advisors and seventeen offices across the UK, and in October of last year the firm launched a Leeds-based wealth management service aimed at ultra high net worth individuals. As a whole, its parent company, the European financial services group AWD Holding, has over 1.8 million advised clients, 6,000 financial advisors and revenues exceeding €728 million ($927.6 million).