Scottish broker's independence assured with MBO
The independence of one of Scotland’s largest independent insurance brokers, Central Insurance Services, has been secured following a management buy out (MBO) supported by the Royal Bank of Scotland.
Ownership of Aberdeen’s largest broker has been retained within the company following the decision of majority shareholder and managing director, Dave Thomson, to relinquish his controlling stake.
Mr Thomson will continue to play an important ambassadorial role with key clients for the company he co-founded more than 30 years ago and deputy managing director, Iain Henry, who joined Central Insurance 17 years ago, has assumed the role of managing director.
The MBO, for an undisclosed sum
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