Stonebridge Group’s director of business partnerships Paul Nye will retire at the end of the year to be replaced by the current head of business development Jo Carrasco.
Nye has been at Stonebridge since April 2004, before which he was at Legal & General.
Carrasco will begin her new role from the start of 2018 after being at Stonebridge for 10 years.
Richard Adams, managing director of Stonebridge Group and Stonebridge Genus, said: “Successful businesses are all about the team and in Paul I’ve been lucky to have one of the best team players in the market for the last 13 years.
“He has been absolutely integral to our growth and development over that time, and Stonebridge would not be the business it is today without his drive, input and tireless work.
“We are extremely sad to see him go, but in Jo we have an able replacement and it will be business as usual for Stonebridge.
“That said, everyone at Stonebridge – and I’m sure all Paul’s friends in the industry – would like to wish him all the best for the future and a long and happy retirement.”
Nye said: “It has been a very rewarding 13 and a half years with Stonebridge and a difficult decision to make but I feel now is the right time to exit stage left from the group and enjoy my retirement.
“That said, I have a few months left and will be spending that time liaising with colleagues and putting in place some exciting plans for the future of Stonebridge.
“I would like to thank everyone who I’ve worked with at Stonebridge, particularly Richard, for their support, dedication, hard work and friendship – it’s been a wonderful journey and to see the growth of the business over that time period has been incredible.
“I would also like to thank all industry colleagues and businesses that I’ve dealt with over the last 13 years or so – we’ve done some great things together, in often very difficult times, and I can’t speak highly enough of you.
“I look forward to catching up with you all before I leave Stonebridge at the end of the year.”
Carrasco said: “I am delighted to be moving to this new role within the group and am looking forward to tackling the next big challenges we face, whilst building on the fantastic work Paul has done since he’s been with Stonebridge.
“I have considerable shoes to fill in that regard but the future is rosy for Stonebridge and all our advisers and firms, and we are committed to ensuring they continue to have the very best when it comes to meeting their needs.
“There is plenty more to come from Stonebridge and we are all looking forward to the future.”