Paul Killik, the founder of stockbroker and wealth manager Killik & Co, has stepped down from his position as senior executive officer (SEO) at the business.
Killik (pictured below) relinquishes his role as head of the company 35 years after he opened it in an old pharmacy in Chelsea. He will stay on as chairman at the company.
Clem MacTaggart and Sarah Threadgould, who previously held the roles of chief strategy officer and chief marketing officer respectively, have taken on his responsibilities as joint managing partners at the firm.
Georgie Killik, Paul’s daughter, has in turn taken on the role of chief strategy officer tasked with overseeing the long-term vision of the business.
“Clem and Sarah possess the ideal combination of skills to run the business day to day, lead the senior leadership team, and bring focus and drive to delivering our vision of being the best wealth manager for families,” Paul Killik said in a statement.
A family history
As Killik noted in an interview with the Good Money Guide in 2021, his family has a long history as stockbrokers. Another stockbroker named Killik & Co was founded by a distant relation, Sir Stephen Killik, in 1903.
After training with a stockbroker in London in the late 60’s, Paul Killik joined the original Killik & Co. He became a partner there in 1974 before it merged with Quilter Goodison (now Quilter) a year later in 1975.
Eventually, Killik decided to launch his own business after coming to disagree with the business strategy of French financial services group Paribas, which later took over Quilter Goodison.
He thought that there was a gap for a business targeting affluent clients on the high street, rather than the very wealthiest bracket. As such, he left to set up the first branch of the new Killik & Co in January 89 in Chelsea.
The business has since grown to manage more than £9 billion in assets on behalf of client and employ around 350 people across seven offices around the country. These are based in Mayfair, Ipswich, Hampstead, Kensington, Northcote Road, Esher and Chiswick.
Killik previously told the Good Money Guide his business has found much success through engagement with local communities.This at a time when many financial services firms are reducing their regional presence.
“People want to look you in the eye, and that’s still important and it always will be when it comes to people’s money,” he said.
Robin has more than six years of experience as a financial journalist, most of which were spent at Citywire, and covers the latest developments in the investing, trading and currency transfer space. Outside of work, he enjoys reading literature and philosophy and playing the piano.
You can contact Robin at robin@goodmoneyguide.com
