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The Fry Group names MD for big push into new markets

By Mark Battersby, 14 Feb 18

The Fry Group has revealed its new managing director and chairman from 1 April is to be Jeremy Woodley, its long-standing sales and marketing director, who is intent on accelerating plans for further offices across the world.

The Fry Group names MD for big push into new markets

With current chief executive Stephen Tucker retiring after a decade at the helm, Woodley told International Adviser that there is an “almost automatic renewed impetus, and a sense of let’s push on further.”

The UK headquartered expat focused firm, which has assets under management in excess of £1.5bn ($2.1bn, €1.7bn), celebrates its 120th anniversary as a business later this year.

Woodley said: “As jurisdictions improve their regulations, they become more interesting places for us to go and work.

“That’s our ethos and has been for many years, if we’re going to do it we’ll do it properly.  That means Dubai and Thailand become interesting.  The US would become interesting too, but they seem to be taking two steps backwards for every-one step forward in terms of regulation. And we get referrals and contacts from these places every month.”

At this stage, scoping out the regulations is the order of the day to make sure they have a complete understanding of exactly what it is they can do.

“Hopefully this year, we’ll have a plan for how we’re going to do it. It’s about getting the right people who want to go there, and dependent on what the regulatory hurdles are.”

Story continues on the next page…

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.