Mortgage and protection network New Leaf Distribution has promoted Daniel Hobbs from managing director to CEO, subject to regulatory approval.
Current investment director, Sam Wallis will succeed Daniel Hobbs in the role while CEO Mark Hobbs will transition to chairman once FCA approval is granted.
Daniel Hobbs said: “I’m incredibly honoured to be taking on the role of CEO at New Leaf Distribution.
“I’ve been fortunate to learn from Mark’s guidance over the years, and I’m excited to leverage that experience to build upon our success and explore new opportunities, particularly in the advice gap space.
“As always, we remain committed to being known as the network that knows your name and that places a cap on the number of advisers it works with to ensure quality and service standards are unrivalled.
“Advisers choosing to partner with New Leaf will be valued and respected.”
Mark Hobbs added: “We’re excited to launch some incredible initiatives in the coming months, all focused on the future and addressing the advice gap.
“We’ll continue to build the best offering for IFAs and brokers in the UK, with a focus on quality over quantity. This is a new chapter for New Leaf Distribution and we are confident that Daniel and Sam will lead us to even greater success.”
