Global Risk Partners [GRP] has appointed David Cunningham into a new role as investment director. Cunningham joined GRP in September and his prime focus will be developing M&A leads within retail broking and MGAs.
Cunningham leads a team of three investment executives and report to head of M&A Stephen Ross.
Stephen Ross said: “David is a very well-known figure in our sector, with an outstanding track record of business development during his time at Close Brothers Premium Finance.”
“Although we have already an excellent pipeline of acquisition opportunities, we want to step up the pace of our inorganic growth, in lockstep with the continued improvement in the Group’s organic growth performance.”
Ross said that while the scope of his role will be primarily M&A, he will have a dual responsibility for premium finance. “We want to draw on David’s experience and increase our premium finance revenue through a combination of increased finance penetration, and improved deals with our finance providers.”
David Cunningham said: “GRP is one of the most exciting brands in the broking sector, and a great home for broking entrepreneurs who want to create value and share in the Group’s growth trajectory. I’m convinced that the pandemic will accelerate M&A activity in retail broking and I’m looking forward to being part of its ongoing success.”
Cunningham’s arrival marks the third of a series of senior management moves at GRP, following the appointment of Stuart Grieb and the promotion of Chris Haggart.
Stephen Ross said: “GRP is a strong brand that is attractive to people looking for a fast growth, entrepreneurial culture. We are always on the lookout for high calibre talent and I’m delighted to welcome David to the team.”
David Cunningham began his career at Close Brothers in 1995 and joins GRP from his role there as new business sales director.