Articles - Hanover Search sees overhaul with buy-out

 The Hanover Search Group has announced a change of ownership by way of a Management Buy-out. After 18 years together Patrick Field has sold his majority stake in the business to James Emmett for an undisclosed sum.

 James will assume the responsibility of Group CEO and has invited Paul Groarke and Stephen Phipps to join the new Board. Both Paul and Stephen were previously Managing Directors of the Asset Management & Financial Services business respectively. Mem Kortach also joins the new Board as Finance Director.

 Patrick will operate within the Private Banking Sector in an advisory role for the foreseeable future.

 James will continue to spearhead the plans to expand the business globally. This will include further development of the UK, Americas and South African businesses in addition to new office locations in Europe, Middle East and Asia.

 The Group is grateful to Patrick for his leadership over the last 18 years and now looks forward to continued success and development of the Hanover brand.