TEAM Plc announced the appointment of three key individuals to NEBA Private Clients, marking an important development in the firm’s growth. This step represents a strategic move to enhance NEBA’s global expertise and strengthen its ability to offer tailored financial solutions that meet the diverse needs and ambitions of its clients.
The first appointee, Ben Stubberfield, is based in the Middle East and joins from Skybound Wealth Management, where he served as a private wealth advisor. Ben brings significant experience in high net worth wealth management, with a particular focus on complex financial planning and investment management.
In Kuala Lumpur, Malaysia, Ciprian Bratu, managing partner at Bratu Capita, also joins the team. His background provides NEBA with additional depth in delivering experienced financial guidance and support to clients in the region.
Additionally, Craig Penketh, who previously worked as a senior financial planner at Acuma, brings over 13 years of experience in the UAE. Craig’s expertise in complex financial planning and investment management, particularly within the high net worth sector, will further strengthen NEBA’s offerings.
John Beverley, the founder and CEO of NEBA, commented on the appointments, noting that as countries like the UK introduce more punitive taxes on wealth, there is a noticeable shift of wealth to locations like the UAE and Singapore. These countries are actively courting high-net-worth individuals through favourable tax policies and investor-friendly regulations. Beverley highlighted NEBA’s expertise in managing the financial affairs of expatriates from all nationalities, not just British, as a key factor in attracting top talent like Ben, Ciprian, and Craig. He also mentioned that NEBA’s strong market position and the backing of a public company make it an attractive destination for leading professionals in the industry.
Beverley expressed his excitement about the new hires and hinted at further senior appointments in the near future across NEBA’s markets.
TEAM plc (LON:TEAM) is building a new wealth, asset management and complementary financial services group. With a focus on the UK, Crown Dependencies and International Finance Centres, the strategy is to build local businesses of scale around TEAM’s core skill of providing investment management services.
