Leadership changes announced at Fulcrum

I love the truth of the statement that the only constant in life is change. And while change makes some people uncomfortable, I think that change often leads to re-invigorated thinking and unexpected positive outcomes. The announcement today about changes at Fulcrum I think are great for the individuals and team concerned and I am looking forward to personally, and as CN&CO, working with Fulcrum in the next exciting phase. Watch this space!

Fulcrum is a long-time partner of CN&CO’s, and we have many good mates who have worked and still work there.

Here’s the official announcement:

The Fulcrum Group, a financial services brand offering bespoke lending, investment and management services, specialising in insurance markets, has announced the resignation of founding partners, CEO Vaughan Jones and Ian Bain, Executive Chairman. Jones will be stepping down at the end of January 2018 and Peter Gordon, Head of Fulcrum Capital will assume his responsibilities.

“I have had a tremendous journey with the Fulcrum Group. From our beginnings eight years ago, with four employees, to our recognition today as the largest premium financier in Africa and managing over R18bn of annual premium, I am tremendously proud of what the team has achieved. I am grateful for the support and guidance of my partner Ian Bain as well as for the opportunity and the backing of our shareholders and loyal clients over the years. It’s been a privilege to be a part of such a special team of people” says Jones.

Jones will take a short sabbatical to spend time with his family before embarking on his next venture.

Says Bain, who will step down as Chairman of the Group at the same time as Jones and will be replaced by Dean Hyde from Skein Capital: ‘’It’s been a challenging and exciting time and I am happy that it’s right for the business to move to the next phase of its development. It has been a wonderful experience working with Vaughan and the rest of the Fulcrum team and to have been part of a truly unique and exceptional business”. Bain will consider retirement and the opportunity to pursue other interests.

Gordon who worked with Jones over ten years ago, joined Fulcrum in 2015 to lead Fulcrum Capital. Under his guidance, Fulcrum Capital has expanded into the broker equity partnerships market whilst continuing its growth in the insurance related specialist lending market.

With an experienced and well-respected team member such as Gordon taking over the reins, Jones expects the transition to be smooth. “I wish Pete and the team all the very best as they steer Fulcrum to new heights during the next part of its evolution. I have no doubt that the future is bright.”

Carel is an investor in people and businesses, believing that 1+1 = (at least) 22. Working with a few basic concepts – best encapsulated in his believe that unless we are dead, anything is possible – Carel aims to build long-term sustainable value with like-minded individuals and companies, while having (a lot of!) fun.