Legacy acquirer DARAG has appointed Tom Booth as DARAG Group CEO, effective 23 July.
Current executive chairman, Stuart Davies, will work with Booth to coordinate the planned significant expansion of DARAG, remaining in his role until the transition is complete. He will become non-executive chairman thereafter.
In January, Randall and Quilter announced Booth would be leaving his roles as director and Group CFO this year.
Prior to his role at R&Q, Booth was corporate finance director where he headed the corporate finance team for the non-life insurance sector.
Davies said DARAG is set on global growth, with a number of key transactions in the core and new markets in recent months.
He added: “Tom Booth is the ideal candidate to lead this continued expansion.”
“DARAG has an unparalleled level of expertise and is able to provide capital efficient, tailored legacy solutions, no matter the size or complexity of the portfolio."
Booth commented: “DARAG has an outstanding reputation as one of the market-leading providers of legacy solutions.”
“Legacy is a fast-growing market, with excellent revenue potential and a track record of delivering market-beating returns.”
“DARAG’s expert team has deep knowledge and understanding of the global market, and I am honoured to be joining this exciting business as CEO.”
