It has also appointed Jon Round as its first chair, tasked with leading its board and risk and audit committee.
He has over 30 years of senior leadership experience in UK financial services, as well as experience on a board.
Round has worked across finance, compliance and relationship development functions and most recently, led the growth of Primis Mortgage Network and TMA Mortgage Club.
Since its launch in 2021, Pivotal has acquired 25 advice firms and Pivotal Financial Limited will be the closed DA structure which provides its appointed representive (AR) firms with regulatory and governance oversight.
Mayank Prakash CBE, group chief executive of Pivotal, said: “Jon’s appointment as chair of Pivotal Financial Limited marks the start of our DA consolidation journey. Jon brings an extraordinary depth of experience from across the UK mortgage and financial services advisory landscape, and his longstanding connection to LSL, provides him with genuine insight into the Pivotal story and the ambitions that drive us.
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“Chris Wallis, Pivotal Financial Limited’s CEO, and I are delighted to welcome Jon and look forward to working together and leveraging his deep industry knowledge, proven people leadership capabilities and familiarity with the regulatory landscape.”
Round added: “Pivotal has built something truly impressive in a short period of time – a growing, ambitious and entrepreneurial group of specialist advisers that puts adviser success and outstanding client outcomes at its heart. I have followed the group’s development with great admiration, and I am delighted to be joining as chair of Pivotal Financial Limited at such an exciting moment.
“I look forward to working closely with Mayank, Chris and the wider Pivotal team as the group continues to go from strength to strength.”
