North-east businessman Alan Fergusson has joined the board of wealth management and pension specialist Mattioli Woods as employee benefits director.
Announcing the appointment, Leicester-based Mattioli Woods said Mr Fergusson had led the employee benefits division since joining the group on the acquisition of Aberdeen-based Kudos Financial Services in 2011.
Kudos and its holding company, TCF Global Independent Financial Services, were taken over in a deal worth up to £8.7million.
Mr Fergusson, who also sits on the board of the Worldwide Broker Network, was among directors who picked up cash and shares worth a total of £3.94million.
A further £4.75million was to be paid in cash within three years if financial targets were met.
The north-east business was rebranded under the Mattioli Woods banner earlier this year.
Mattioli Woods also has a new non-executive director, Carol Duncumb.
Chief executive Ian Mattioli said “I am delighted to welcome Carol and Alan to the board.
“As our employee benefits business grows, Alan’s strategic contribution to its development will benefit both ourselves and our clients.
“Carol brings considerable commercial experience at board level in both executive and non-executive roles.”