Foster Denovo hires ex-LEBC finance director to aid growth

National advice firm Foster Denovo has turned to experienced finance director Richard Horton to help it secure acquisition and fundraising deals.

Horton led business transformation projects and floatation projects in similar roles at private bank Brown Shipley, accountants Rawlinson & Hunter and Hyperion Insurance Group. Between 2008 and 2012 Horton was group finance director at rival national IFA LEBC.

He will be finance director of Foster Denovo Group Limited, which owns the advice business and fund management company Sequel Investments.

Horton has joined initially on an interim basis and will support Foster Denovo through a period of ‘strategic growth’.

The group acquired Buckinghamshire-based employee benefits consultancy TEBC Limited last October.

Chief executive, Roger Brosch, said at the time this would be the first of a number of purchases.

‘This is the first acquisition we have completed as part of our growth strategy.

‘The acquisition of TEBC is part of our continued intent to bring in high quality clients, advisers and support staff to Foster Denovo over the next few years,’ he said.

Brosch said Horton’s experience in acquisitions would be an asset to the company.

‘Richard’s background in acquisitions and fund raising are naturally aligned to our strategic intent and will be core to supporting Foster Denovo’s planned growth,’ he said.

Horton said he was keen to help grow Foster Denovo.

‘This is an exciting period for the company and when the opportunity arose, I was really keen to become part of their ambitious growth plans,’ he said.

Read the article on Citywire here.