Change of leadership at Ocorian

Thursday 29 November 2018

Ocorian's Chief Financial Officer is to step into the role of Group CEO after the current lead decided to step down after 15 years.

Nick Cawley will be succeeded by Chief Financial Officer Stuart Layzell (pictured), who is currently the Chief Financial Officer.

Mr Cawley will remain in the business, taking over the leadership of Ocorian's global Private Client services and will chair several of its entities.

He commented on the move saying: “It has been an absolute privilege to have been CEO for such a long and exciting period in the evolution of Ocorian... As we look to the future now feels like the right time for a new CEO to take the lead in the next chapter of Ocorian’s life. I have no doubt it will be even more exciting in the years to come!”

Pictured: Nick Cawley was at the head of Ocorian for 15 years.

David Thorpe, Chairman of the Board of Ocorian's Holding Company, said: "On behalf of the Board and the investors, I'd like to thank Nick for his substantial achievements over many years. Not only did he build a significant business - Bedell Trust - as part of Bedell Group, providing innovation and leadership, he also orchestrated and led a successful MBO.

"MBOs are never easy, but to follow this with a further two years of transformation and growth has been truly stellar. So while we are sad to see Nick step down, we are delighted that Nick has agreed to continue in a key leadership role at Ocorian: leading our Private Client business, chairing a number of our companies and supporting the transition to a new CEO."

Mr Thorpe also congratulated Mr Layzell: "I know he will have the full support of the Board and the Ocorian team as we embark on the next exciting chapter of our business."

Commenting on his appointment, Mr Layzell added that he looked forward to helping the company "maximise its potential."