Private equity firm AnaCap has completed its acquisition of adviser platform company Novia for an undisclosed fee.
On 30 June long-time Novia CEO Bill Vasilieff will be replaced in the role by Patrick Mill. He will join the firm from Wealthtime, where he has been CEO since AnaCap acquired the firm in December 2019. Mark Winlow has been appointed chairman of the board. He has held previous non-executive director roles at Ageas and Starling Bank. AnaCap's head of private equity and partner Peter Cartwright and managing director Robert Massey will both be appointed to Novia's board. Ken Fry, Jane Dale and Dominic Easton will all also join Novia's board from AnaCap. Dale will chair Novia's audit ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes