Kingswood Holdings Limited announced that Group CEO Marianne Ismail, will leave the Group with immediate effect to pursue other interests.  Executive Deputy Chairman, Gary Wilder will assume the Group CEO role. Group Finance Director, Patrick Goulding will also assume the role of CEO of Kingswood's operating subsidiaries. He will be responsible for implementing and managing the Board's strategy and performance to ensure financial and other targets are met.

Patrick will work closely with the leaders of the business across the Group to achieve this. It is intended that Graydon Butler, Group Chief Operating Officer, will join the Board in the coming weeks and an announcement will be made in due course. Graydon will work closely with Patrick to ensure Kingswood has in place best-in-class operating infrastructure, support functions and resources to deliver the Group's strategy.