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 and risk committee, while Easton will take on the role of chief financial officer. Keith Furniss will take over from Paul Boston as director of sales on 30 June. All the appointments are subject to regulatory approval.

Read more/Source: Professional Advisor