Accountancy practice Wbg appoints Benny Higginsas as new chairman
Scottish accountancy practice Wbg has appointed Benny Higgins as its new chairman following Lorna Jack’s departure from the role.
Higgins, who previously held the position of chief executive at Tesco Bank, is also the chairman of N4 Partners, an investment firm based in Glasgow that became the majority shareholder of Wbg after a significant investment last year.
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The accountancy practice said Jack played a pivotal role in its recent growth, which included multiple acquisitions and the establishment of a new office network. She will now join N4’s advisory board.
Higgins began his career at Standard Life and later took on the role of chief executive of retail banking at RBS, where he was responsible for integrating NatWest Retail Banking.
His experience also includes a senior position at HBOS and a decade at Tesco Bank from 2008 to 2018.
More recently, he served as strategic adviser to the First Minister of Scotland, focusing on the creation of a Scottish National Investment Bank and advising on economic recovery efforts in the wake of the Covid-19 pandemic.
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By GlobalDataHiggins said: “Having served as chairman of N4 for some years now, I am delighted to take on the same role at Wbg, to continue the track record of growth overseen by Lorna in that role and to spearhead the next phase of the firm’s strategic development to realise its growth ambitions.
“Our targets are to grow our fee income to £30m [$39.59m) in three years and £50m in five years to achieve a ranking in the top 30 UK full-service professional services firms.
“We are committed to being a forward-thinking professional services firm, dedicated to empowering our team, utilising cutting-edge technology, and a trusted partner delivering superior value to clients and stakeholders through being acknowledged as an employer of choice, partnering with our clients and developing our local communities.”
Wbg currently operates with a workforce of 190 across six offices.
Wbg CEO Allan Dowie said: “Lorna has done a tremendous job overseeing Wbg’s growth to date and I thank her for her valuable contribution in putting the building blocks in place for the firm.
“Benny is taking over at a very exciting time as we embark on the next phase of our journey, and he will be instrumental in helping us realise our ambitious targets on the next phase of our growth strategy.
“We see enormous potential, based on the current platform and management team, to grow organically and expand the business further with some exciting acquisitions on the horizon.”
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