Stuart McCulloch has been tasked with growing The Fry Group in the Middle East and brings with him 27 years’ experience in regulated financial services in the UK and the Middle East.
The company said McCulloch’s experience of setting up and running businesses in the region will be crucial for building out The Fry Group’s footprint in what it considers an “important market”.
The group currently has offices in the UK, Belgium, Hong Kong and Singapore.
Banking background
McCulloch was previously head of operations at the Bank of Singapore in Dubai and, before that, head of operations, Middle East at Coutts.
Before moving to Dubai, he worked for Standard Life, Halifax Financial Services and Prudential in the UK.
Of his appointment, McCulloch said: “I am excited to join The Fry Group to drive its growth strategy in the Middle East. The region offers a significant opportunity for providers of quality financial advice like The Fry Group to bring high standards of advice where this is often lacking, coupled with a transparent model, and access to market-leading products.”
Jeremy Woodley, chairman and managing director, said: “A key part of our strategy is to expand into new geographies, and Stuart’s track record and experience make him ideally suited to lead our efforts in Dubai and the Middle East.
“We’re thrilled to have him join the business as we continue to build on our position as the leading provider of financial advice to British expats.”
Singapore shake-up
The announcement follows recent moves at The Fry Group’s Singapore office.
Old Mutual International alum Huw Wedlock was appointed chief executive of the Singapore operation earlier this month, with his predecessor David Pugh returning to the UK to join The Fry Group’s board in a global sales and marketing role.
Wedlock joins as the Singapore arm bolsters its tax offering with the appointment of Stephen Kelly as senior tax consultant.
In March, Woodley spoke with International Adviser about the group’s 120th anniversary. Click here to read more.
