Nick — who has worked in investment banking for more than 20 years — will transition to the role of chairman on 1st June 2020, following the confirmation of Nicholas Thompson’s exit from the company he has served since it launched in 2005.

Nick is currently chairman of PayPoint and until earlier this year was the senior independent non-executive director at Primary Health Properties prior to its merger with MedicX.

He has spent the majority of his career at Cazenove & Co, where he was a partner prior to its incorporation and retired as chairman of UK investment banking at Nomura in 2012.

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“Having completed a thorough search to find a high-quality chairman for the business, we are delighted to welcome Nick Wiles to the board, and I look forward to working with him to ensure a seamless handover,” said Nicholas.

“He brings extensive expertise in corporate finance, as well as being an experienced FTSE 250 chairman.

“His knowledge and skills will further strengthen our existing board and help Picton to deliver its growth strategy.” 

Nick added: “Picton has a well-respected management team which has built a strong track record of creating value for shareholders over a number of years.

“I look forward to working with the board and management as we look to maximise the future opportunities for all stakeholders in the business.”