The merger of IFA and wealth management firms Lighthouse and Sumus has today become effective, with a number of appointments to the new Board.
Listed Sumus shares have been cancelled, with the new Lighthouse shares admitted to the London Stock Exchange from 8am this morning. As a result, Lighthouse's issued share capital now comprises of 127,679,197 ordinary shares, valued at 1p each. As stated in the scheme document, former Sumus chief executive Allan Rosengren joins the Lighthouse board as joint chief executive, sharing the role with Malcolm Streatfield. Allan will focus on the group’s move to funds under advice and administration, as well as taking responsibility for the SIPP business, while Malcolm will be responsible fo...
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