Wealth management group Kingswood Holdings Limited announce Monday the election of its first group of partners and announced awards to partners and select team members under its initial long term incentive plan.

In recent weeks, the group had rolled out a new organisation and title structure, culminating in the creation of the first group of Managing Directors and Partners in the firm, the company said.

Kingswood initial partners elected included, Rachel Bailey, Graydon Butler, Nigel Davies, Patrick Goulding, David Healy, Jeff Hodgetts, Marc Maddison.

The first series of awards under the Kingswood long term incentive plan was granted on 15 February 2019.

Patrick Goulding, Group Finance Director & Operating Platform CEO, received 5,000,000 in share options, subject to a three-year performance period followed by a holding period of two years, the company said.

A further 5,350,000 awards had to date been made to other members of senior management, with some additional awards to follow, with the same vesting date, three-year performance period, two-year holding period, claw back and malus provisions, the company added.

At 9:52am: (LON:KWG) Kingswood Holdings Limited Ord 5p share price was 0p at 12.2p