Evelyn Partners has announced the appointment of Paul Geddes as the group’s next chief executive officer.

The move, subject to regulatory approval, will see Geddes succeed Chris Woodhouse who is retiring from full-time executive management after over five and half years in the role.

Under Woodhouse’s tenure, the integrated wealth management and professional services group saw its assets under management grow from £23.5bn at the end of 2017 to £54.4bn as of 31 March this year.

Geddes has 33 years of experience, the last 15 years of which have been in CEO roles, and he will join Evelyn Partners from QA Group where he has been CEO since 2019. He will join the business on 3 July and will be supported by Woodhouse through the summer to ensure an orderly transition.

“I am extremely excited to be joining Evelyn Partners to lead the next stage of its journey, building on the terrific work that everyone in the business has achieved under Chris’s leadership since 2017,” Geddes said.

“It’s already clear to me that Evelyn Partners is a group with a proud past, but focused on the future, made up of outstanding professionals who deliver excellent outcomes in multiple disciplines to a diverse range of clients. I am relishing the opportunity to meet as many colleagues as possible across the group in my first few months as we work together on the next stage of our growth strategy.”

Outgoing CEO, Woodhouse, added: “It has been a real privilege to have worked with such a talented team of people over these last five and a half years. Together we have achieved a huge amount in terms of the strategic transformation and growth of the business.

“This is a testament to the hard work and commitment of our exceptional people and our culture of putting clients at the centre of everything we do. I am confident that Evelyn Partners will continue to go from strength to strength in the years ahead.”

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