Fairstone Group announces latest appointment to senior team and the retirement of John Ripley

Fairstone, one of the UK’s fastest growing Chartered Financial Planning firms, announces the appointment of Sheriden Davy as group compliance director, with effect from January 2018. His appointment is the latest addition to Fairstone’s senior management team, Mr Davy will also join the Group’s Executive Committee.

With over 15 years’ experience in the financial services industry, Sheriden has held senior roles at Intrinsic, True Potential and Blackrock.

Sheriden joins the team as successor to group operations director, John Ripley who will retire in early 2018 after nine years at the helm of Fairstone’s risk and compliance function. John will manage a phased handover with Sheriden between January and March 2018.

The addition of Sheriden is part of a significant investment into Fairstone’s overall risk and compliance framework that will provide a strong foundation for the next five years of growth. This appointment also represents the first part of a recruitment programme which will see Fairstone bring on board another three individuals to their senior management team over the next twelve months.

This ongoing investment into management resource follows the recent publication of Fairstone’s half year review which showed a strong start to 2017 with annualised revenues now at £50m.

Fairstone Group Operations Director, John Ripley said:

“We are delighted to welcome Sheriden to Fairstone. He joins a fantastic compliance team and will work in close partnership with Ursula Sweis who is also taking on a heightened role within the firm. Together they will ensure that the firm is well positioned to meet all of its regulatory requirements over the coming years.

I would like to thank everyone at Fairstone for nine fantastic years, I have loved every minute of my time with the group. I am incredibly proud to have been part of the firm’s journey and to be leaving the business in great shape. I wish the team the best of luck and I look forward to keeping a close eye on Fairstone’s continued growth.”

Fairstone Chief Executive, Lee Hartley continued:

“Sheriden joins the team as we further gear up to meet our ambitious plans. I have no doubt that his experience of working within some of the UK’s leading financial services organisations will be of great benefit to Fairstone. Sheriden’s appointment further demonstrates our commitment to build a foundation that is more than strong enough to accommodate our next five years of growth.

I would also like thank John Ripley for his invaluable service to Fairstone over the past nine years. John has been fundamental to our success and has been a business partner in the truest sense. He has left a stamp of quality across everything that he has touched and his influence within Fairstone has reached far beyond our risk and compliance function. Naturally we are sad to be losing John’s experience but we wish him very well for his retirement.”

Sheriden Davy added:

“I have watched Fairstone’s growth over the last few years with interest and have long been intrigued about the business. I have been impressed by Fairstone’s culture, business model and professional approach and I believe the firm to be an excellent fit for the next stage of my career. I am very much looking forward to contributing to Fairstone’s continued development and playing an important role in the executive team.”