The firm's changes to its board will be effective 6 September.

Walker Crips, the financial services group, has made several changes to its executive board of directors, effective 6 September.

Rodney Fitzgerald, who has been chief executive and group finance director for the last ten years, will be stepping down from his position as CEO and retaining the role of group finance director as part of a phased retirement, the firm said in a statement.

Sean Lam, who has held the role of group managing director for the same period of ten years, will succeed Fitzgerald as CEO.

Mark Rushton, chief investment officer, will assume responsibility of the investment management and stockbroking subsidiary, Walker Crips Stockbrokers, as CEO, subject to regulatory approval.

"Rodney has done a tremendous job in leading the business for over 10 years as CEO and has played a pivotal role in managing the transformation of the group from private client stockbrokers into an integrated investment and wealth management house,” said David Gelber, chairman. “His successor, Sean Lam, has already played a key part in the success of the group, previously as CEO of Walker Crips Stockbrokers and as group managing director with dual responsibility over group operations and technology, making him the ideal person to lead Walker Crips into the future.”

Gelber added: “Mark Rushton has also been instrumental in our recent rapid growth, attracting a series of new teams of advisors to the Group since joining in 2012, which has changed the quality of our revenue streams and enhanced the processes and culture throughout the organisation."