Progeny, a leading UK-based financial services firm, has appointed Ewen Stevenson, the former group chief financial officer (CFO) of HSBC, as its inaugural chairperson. This appointment marks a key milestone as Progeny embarks on its next phase of ambitious growth across international markets.
Stevenson’s leadership will be instrumental in guiding Progeny’s next phase of global expansion.
With a career spanning HSBC, RBS, and Credit Suisse, he brings extensive experience in wealth management and corporate governance.
Progeny aims to elevate its multidisciplinary service model to meet the evolving needs of high-net-worth clients worldwide.
Ewen Stevenson’s career highlights
Stevenson brings an unparalleled wealth of experience to the role, having held senior positions at some of the world's most prestigious financial institutions. In addition to his tenure at HSBC, he served as CFO at the Royal Bank of Scotland (RBS) and held a variety of senior management roles in investment banking at Credit Suisse. At each of these institutions, he was involved in wealth management, a key aspect of Progeny’s business model. Stevenson’s background in managing private client wealth across Europe, the Middle East, and Asia will be invaluable as the firm expands its reach globally.
Delivering exceptional service
With deep knowledge of corporate governance and regulatory affairs, Stevenson brings a proven background in shaping high-level business strategy. He was among only two executive directors on both the boards at HSBC and RBS. Stevenson also sits as chairman on the board of Serendipity Capital, a venture capital firm with headquarters in Singapore, and chairman of the RNID, a UK-based leading charity for people with hearing loss.
On his appointment, Stevenson shared his enthusiasm about the opportunity, saying, “Progeny is uniquely positioned to meet the evolving demands of private clients. As clients increasingly seek higher standards of service, Progeny’s multidisciplinary service model is perfectly suited to deliver on those expectations.”
Progeny’s rapid growth and global expansion
Founded in 2016, Progeny offers a unique integrated services model, combining chartered financial planning, asset management, tax services, HR, and both private and corporate legal services. The firm has experienced rapid growth, expanding beyond the UK into key international markets such as the UAE, Singapore, Hong Kong, and Belgium.
Neil Moles, CEO of Progeny, expressed his excitement about the appointment, saying, “We are thrilled to have Ewen join our team. His exceptional business acumen and extensive experience will be invaluable as we continue to scale our operations and drive forward our vision of reshaping the private wealth sector.”
Further Global Partnership supports Progeny’s expansion
In 2021, Progeny secured a strategic partnership with Further Global Capital Management (FG), which became the controlling shareholder of the group. FG’s investment and support will provide a solid foundation for Progeny’s long-term growth and international expansion plans.
Olivier Sarkozy, Managing Partner at Further Global, said , “Ewen’s leadership and integrity are well- known to me. His experience and insights will be crucial in helping Progeny achieve its ambitious goals while continuing to deliver outstanding service to its clients globally.”
With Stevenson’s appointment, Progeny is poised for continued success in the evolving wealth management landscape, combining innovative solutions with exceptional client service to meet the growing demands of global markets.