Combined group represents 710 advisers
The combined business has been renamed Kepa, The Advisers Institute.
TNP is the majority owner with a 57.5% stake, the Ginger Group sits at 37.5% and the remaining 5% is with Experti – Experienced Active Involvement, which is owned by interim chairman David Johnstone.
TNP boss Jeff Page is the chief executive of the new group. He is also one of the TNP representatives on the seven-person board. The other is Jamie Coltman. Ginger Group have Maurice Trapp and Nicola Smee on the board and both groups each have to appoint an independent non-executive director.
Page says the plan is to appoint an independent chairman. The interim chairman is David Johnstone. He has been on the Ginger board as a representative of PIS Australia. (Ginger was created through the merger of PIS, Brokers Independent Group and Minerva).
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