Stanford Brown Chairman, David Brown, has announced Jonathan Hoyle’s decision to step down as CEO and the Board’s decision to appoint Vincent O’Neill, currently Director of Private Wealth, as its new CEO.
A statement from the company says Hoyle notified the Board that he will step down from the role and leave Stanford Brown after 12 years at the firm and just under six years as Chief Executive.
It says his decision to leave the firm follows his leadership of a strong period of growth and that the time is now right for that leadership to transition to the next generation.
Brown says that Hoyle’s leadership contribution to the firm has been significant, initially as an adviser, then Director of Private Wealth and from 2015, as Chief Executive.
Hoyle says it has been a privilege and career highlight to lead Stanford Brown.
Brown adds that the company’s decision to appoint O’Neill to succeed Hoyle reflects the Board’s long-held CEO succession plan and its focus on building a strong culture and leadership from within.
He says O’Neill is a proven and respected leader of the firm’s largest division and that he embodies all the values of the firm “…and the attributes of a great adviser and leader of advisers”.
O’Neill says he is honoured to lead the company. Originally from Ireland, he joined Stanford Brown in 2007 in the Private Client investment team. After several years as an adviser, in 2014 he became Director of Private Wealth, where he has led the firm’s largest division while continuing as adviser to his clients.