Press Release

WMA welcomes three new members to its Board

14th May 2015

The Wealth Management Association (WMA) is pleased to announce that Adam Seale, Michael Morley and David Loudon will be joining the WMA Board with effect from this month (May 2015).

Adam Seale is CEO at execution only stockbroker, Interactive Investor.  He began his career at the Bank of England in 1983, and spent 18 years at global consulting firm Booz Allen Hamilton, where he led the UK financial services practice. In 2008 he joined the retail board of HBOS as MD Specialist Banking, where his responsibilities included Private Banking and Bank of Scotland International; he was also chairman of AA Personal Financial Services and a Board director of Sainsbury’s Bank. After the acquisition by Lloyds Banking Group, Adam was appointed head of Lloyds’ UK High Net Worth business. Adam was educated at Cambridge University and London Business School.

Michael Morley is Chief Executive at Coutts & Co and a Director of Adam & Company. Before joining Coutts in 2009, he was Head of International Private Banking at Barclays Wealth and CEO of Barclays Switzerland. Michael also spent eight years with Merrill Lynch, becoming Managing Director and Director of Private Wealth Services for Europe and the Middle East.  Michael is a World Fellow of the Duke of Edinburgh’s Award and a Director of Forces in Mind Trust, a charity dedicated to helping Service personnel make a successful transition to civilian life. He is a Board Director of Walpole British Luxury and in 2014 became a founding member of the China Advisory Council of the Judge Business School, University of Cambridge.  Michael studied at Christ’s College, Cambridge.

David Loudon is Managing Partner at Redmayne-Bentley. David’s career in financial services began in 1989 as Operations Manager for HFC Bank plc. He was appointed a Partner of Redmayne-Bentley Stockbrokers in 1995 and Managing Partner in 2006. He has represented the firm as a member of various industry groups and is also a regular commentator about stock market events for BBC Radio. In addition to his role in the industry, David is also a Trustee and the Chair of Finance and Audit for the Leeds Teaching Hospitals Charitable Foundation, one of the largest NHS-linked charities in the UK. David studied at the University of Manchester and earned an MBA from Cass Business School, London.

Tim Ingram, Chairman of the WMA, said:

“We are delighted to welcome Adam, Michael and David to the Board. Their considerable industry knowledge, experience and expertise will serve as a great asset to WMA and the member firms we represent”.

– Ends –

Notes for Editors

About the Wealth Management Association (WMA) 

  • The Wealth Management Association (WMA) is a trade association representing 186 Wealth Management firms and Associate members
  • 110 full members are wealth management and stockbroking firms that deal directly for over 4 million retail investors.
  • They deal in stocks and shares and other financial instruments for individuals, trusts and charities through a range of services spanning execution only, advisory and discretionary fund management.
  • 76 associate member firms provide professional services to our full member firms.
  • WMA’s aim is to ensure that business, regulatory, tax and other relevant changes across Europe are appropriate and proportionate for the investment community and their clients.
  • The WMA exists to support its members and their clients in the following ways:
    • To be an advocate for the sector with governments, regulators and the wider financial services community;
    • To influence policy and also decision makers within the wider sector to the benefit of WMA members and their clients;
    • To research and provide definitive information about the sector as required for members and in support of the influencing and advocacy objectives;
    • To be a thought leader, to lead and stimulate debate and make members aware of emerging trends; challenging and provoking change.
    • Facilitating the sharing of good practice, enabling the membership as a whole to benefit from the latest developments affecting the sector as well as providing support to enable them to develop good prescribe and overcome challenges.
  • Our member firms manage in excess of £670 billion of wealth in the UK, Ireland, Channel Islands and Isle of Man.
  • The firms operate across more than 580 sites, employing over 32 000 staff.
  • The firms also run over 5.5 million client portfolios and carry out over 20 million trades a year.

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