Seaton Place-based financial services group PraxisIFM has appointed the former CFO of TalkTalk as Chairman and a Non-Executive Director.
Iain Torrens will be based in the UK where he will retain his role as Chief Executive Officer of Faro Capital, an investment firm focused on the ownership and transformation of UK real estate and corporate assets.
Before Faro Capital, Mr Torrens was the Chief Financial Officer for the UK’s fourth largest telecom provider, TalkTalk.
He also spent eight years at global inter-broker dealer ICAP, holding a number of key senior roles. He was a member of ICAP’s Board as well as its Audit and Risk committees and chaired the Group Operating Committee and Group Risk and Capital Committee.
Guernsey-based PraxisIFM Chief Executive Officer Robert Fearis said: “Iain is a fantastic addition to our Board and will make an excellent Chairman. His experience across different sectors, roles and company sizes will be hugely beneficial in steering the Group through this exciting strategic change.
“We wish him every success in his new role and look forward to working together to further define and execute our strategies.”
Mr Torrens said: “I’m delighted to be joining the Board at a very exciting and pivotal time for the PraxisIFM Group.
“From my first meetings, I have been impressed by the passion to put the client first and as the business refocuses on the private wealth and corporate sectors, I am looking forward to working with Rob and his team to continue to develop the customer service and to position PraxisIFM as one of the world’s leading professional services firms.”
Mr Torrens takes over the role from Andrew Haining, who previously held the position for four years.
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