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Expansion-Minded Progeny Names Chief Financial Officer

Editorial Staff 12 February 2024

Expansion-Minded Progeny Names Chief Financial Officer

The business has acquired almost 30 businesses, such as tax and financial advisors and accountancy firms, in recent years.

UK-based Progeny, a wealth, financial planning and advisory firm that has carried out a string of M&A deals, has appointed Tom Wood as chief financial officer. 

Wood brings 25 years’ experience in the financial services and banking sector to the role.
Previously, Wood was chief restructuring and financial officer of the Co-operative Bank, having co-advised on its third recapitalisation. Before this, he was CEO and chief financial officer of Shawbrook Group, where he led the business through its initial public offering and entry into the FTSE 250. Wood is also an advisor, investor and independent non-executive director.

The firm  dates back to 1981. Following a management buyout in 2008, and a rebrand, the Progeny name entered the field in 2014, and officially launched as a firm under that name – spanning a variety of sectors – in 2016. It has acquired almost 30 firms in recent years, most recently Manchester-based Chartered Wealth Management in late January 2024.

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