Saltus appoints COO to drive Partnership Programme growth

Saltus has appointed Alistair Stuart as chief operating officer (COO) to accelerate its growth plans with a focus on driving the development of the Saltus Partnership Programme.

The Saltus Partnership Programme was launched in September 2023 to provide financial and operational support to independent financial planning businesses looking to grow profitability and to those considering exit.

Stuart’s career in financial services has included senior roles at the European Depository Bank, Investec, RBS and Westpac, and most recently as director of operations transformation at Nationwide Building Society.

He has more than 30 years’ experience in the wealth and private banking sector.

Jon Macintosh, CEO of Saltus, said: “Alistair is an energetic, enthusiastic and talented leader, with a detailed knowledge and understanding of both the industry as a whole and what we’re looking to achieve with the Saltus Partnership Programme specifically.

“As we continue our rapid growth, Alistair’s wealth of experience and unique perspective will help us ensure the business continues to scale effectively while providing best in class experiences for clients.”

Stuart added: “There are significant challenges facing wealth management firms today, with new technology, AI, regulation, and global market uncertainties just some of the major issues facing owner-managers.

“The businesses able to navigate this landscape without losing the human touch, balanced with a drive for innovation and technological advancement, will be the ones that thrive.”

He continued: “It was immediately clear to me that Saltus is well-placed to innovate in all of these areas, with the passion to deliver on its insurgent mission, to do things differently and improve everyone’s relationship with their wealth.

“This strong cultural DNA that runs through everyone on the team drives a genuine client obsession and a deep-rooted entrepreneurial mindset.

“This came across in everyone I met and was a major differentiator for Saltus and the reason why I was keen to join the team.

“In combination, this is a powerful and exciting mix that really made Saltus stand out from the crowd, and I am delighted to be taking up this role in driving the next phase of growth.”