New chief for Wilson HTM
Wilson HTM Investment Group (WIG) has appointed David Groth as chief executive of the Wilson HTM business, where he will be responsible for wealth management and capital markets activities.
This follows the resignation of Garry Lowry as managing director of WIG after four years in the position.
With over 16 years at the firm, Groth is well-placed to take up the position. Prior to his appointment he was head of corporate finance within the capital markets business.
He has also held senior roles as head of research, head of international broking and head of equity capital markets — a group he established.
“David is a proven performer, having run over 125 corporate transactions totalling in excess of $10 billion …Wilson HTM in its own right needs the dedicated focus of such a successful operative," said executive chairman Steve Wilson
Lowry will assist with the transition while executive chairman Steve Wilson will continue to head the group and business investments segment.
Wilson HTM has also announced it will replace its corporate finance services agreement with Deutsche Bank with a more flexible approach.
Under the new agreement, Deutsche Bank will no longer receive a fee for corporate finance services provided to WIG.
In consideration for the termination, WIG will pay Deutsche Bank a fee of almost $15 million in instalments over the next two years.
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