The UK private wealth firm, European Wealth Management Group, has appointed John Morton as executive chairman of the group.

The UK private wealth firm, European Wealth Management Group, has appointed John Morton as executive chairman of the group, the board said in a statement.

A co-founder and current director of European Wealth, Morton takes over the position of chairman from George Robb who has stepped down as non-executive chairman and who remains on the board as the senior non-executive director.

Prior to founding European Wealth, Morton served as chief executive of Syndicate Asset Management and chief executive of Ashcourt. Previously, he was the investment director of Brachers.

Founded in 2010, European Wealth currently has six offices across the UK’s South East, managing about £800 million ($1.31 billion) in assets. Wholly-owned subsidiaries within the group include European Wealth’s Investment Management and Financial Planning divisions, European Investment Management Limited and European Financial Planning Limited.

To view a recent profile of this firm, see here.