Wealth manager and Financial Planning firm Saltus has appointed former Hiscox chief executive Bronek Masojada as chairman to support the firm’s growth agenda.

He will be involved in expanding the Financial Planner-supporting Saltus Partnership Programme, which was launched last September.

Mr Masojada’s career spans almost three decades. He led Hiscox from its beginnings in London to a global £4bn market capitalisation business. He joined Hiscox in 1993 as group managing director and was appointed chief executive in 2000, a post he retired from in 2021.

He served as a deputy chairman of Lloyd’s from 2001 to 2007 and was chairman of the Lloyd’s tercentenary research foundation from 2008 to 2014. He also served as a director of Pool Re and on the board of the Association of British Insurers. He is a past president of The Insurance Institute of London and a Past Master of the Worshipful Company of Insurers.

He is chair of the East End Community Foundation which serves residents in Newham, Tower Hamlets, Hackney and the City of London. Mr Masojada is also chair of Placing Platform Limited which is driving the digitisation of the London Insurance Market.

He will play a central role in guiding the company’s next phase, Saltus said. That will include supporting expansion of the Saltus Partnership Programme, which was set up to provide financial and operational support to independent Financial Planning businesses looking to grow, maximise profitability or considering succession.

Jon Macintosh, managing partner of Saltus, said: “Bronek’s appointment comes at a critical time for us. His appointment underscores our commitment to assembling a leadership team capable of driving sustainable growth and innovation.”

Mr Masojada said: “I was drawn to Saltus by the calibre of its people and their unwavering commitment to building a professional and client-centric business. As Saltus evolves, our challenge will be to preserve the essence of friendliness and professionalism while embracing change, and I am confident that together we can navigate these challenges and propel Saltus to new heights.”

In January Saltus appointed Alistair Stuart as its new chief operating officer with a focus on driving the development of its partnership programme. He had previously held senior roles at the European Depository Bank, Investec, RBS and Westpac, and most recently was director of operations transformation at Nationwide Building Society.

Saltus started as an investment management firm in 2004 and launched Saltus Financial Planning in 2015. The Saltus group now employs more than 200 people and completed three acquisitions in 2022 including London Chartered Financial Planning firm Higgins Fairbairn Advisory LLP, Farnham Financial Planning firm Fish Financial and Hertfordshire wealth management firm NSL Wealth. The firm also acquired Lorica in 2020 and Consilia in March 2021.

Private equity firm Preservation Capital Partners (PCP) took a majority stake in Saltus in 2022. PCP specialises in acquiring financial services business and has several investments within the Financial Planning, wealth management and investment sectors. Its holdings include a majority stake in the Parmenion platform which it acquired from Standard Life Aberdeen in March 2021.