Picton has named former Nomura chairman Nick Wiles as its incoming chairman, replacing Nicholas Thompson.
Wiles is currently chairman of PayPoint and until earlier this year was the senior independent non-executive director of Primary Health Properties, prior to its merger with MedicX.
He retired as chairman of UK investment banking at Nomura in 2012. He has worked in investment banking for more than 20 years, with the majority of this time spent at Cazenove & Co, where he was a partner before its incorporation.
Wiles will take up a non-executive role on 1 January, before becoming the company’s chairman on 1 June, when Thompson will formally step down as a non-executive director.
Thompson confirmed earlier this year that he would stand down as chairman. He has served the company since its launch in 2005.
Thompson said: “[Wiles] brings extensive expertise in corporate finance, as well as being an experienced FTSE 250 chairman. His knowledge and skills will further strengthen our existing board and help Picton to deliver its growth strategy.”
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