National wealth manager unveils new chief executive

A wealth management firm has made a senior appointment.

Fairstone Group has named Steven Cooper as its new chief executive.

He will replace founder Lee Hartley, who is set to take up a deputy chair role.

The Sunderland-headquartered UK and Ireland operator says the changes will support a blueprint to double assets under management to £40 billion by the end of 2030.

It will also build on the firm’s 100th downstream buy-out programme partnership secured in early summer.

Steven – whose CV includes time as Aldermore Bank group chief executive – will take up his role later in the autumn.

The former group chief executive at privately-owned bank C. Hoare & Co, who also held several senior Barclays roles, said: “I’m thrilled to be joining Fairstone. 

“What drew me was the clarity of purpose, doing the right thing for clients, building long-term relationships and supporting people to make confident financial decisions.

“I’m looking forward to working with colleagues across the business to support clients and help shape the next phase of Fairstone’s journey,” added Steven, who is the current UK chair of consumer credit reporting agency Experian.

Formed in 2008, Fairstone supports more than 125,000 clients and boasts annual revenues in excess of £175 million.

Lee said: “Fairstone has reached a significant point in its journey, and I’m pleased to be handing over to Steven. 

“His experience and values are well aligned with the business as it advances towards its 2030 goals.”

David Hickey, Fairstone independent chair, added: “Steven’s extensive experience of leading major financial institutions, and his in-depth understanding of retail financial services, will bring invaluable insight to the group.

“I’m also really pleased Lee is stepping into the role of deputy chair, allowing us to continue to benefit from his deep sector knowledge.

“With the appointments we have made, we have ensured Fairstone has the right leadership in place to guide clients through a period of significant intergenerational wealth transfer and continue delivering on our long-term goals.” 

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