Rathbones CFO to become chief of staff to support Investec Wealth transition

Rathbones chief financial officer Jennifer Mathias is stepping down at the end of the year to become group chief of staff to support the integration of Investec Wealth & Investment Limited (IW&I), the company said on Friday.

The board said it had appointed Iain Hooley as Mathias's successor, subject to regulatory approval. Hooley was finance director of IW&I UK for more than a decade and was appointed CEO of IW&I UK in February this year and these responsibilities will continue during the integration period.

"During the intervening period, Jennifer and Iain will continue to work closely to ensure there is a smooth transition. Jennifer will remain a member of Rathbones' group executive committee in her new role," the company said.

Reporting by Frank Prenesti for Sharecast.com