Fortnum creates Executive role for former Centric Wealth CEO

Financial planning dealer group, Fortnum Private Wealth, has announced the appointment of Glen Castensen to the newly-created role of executive, effective February 2018.

In this role, he will report to Fortnum's managing director, Neil Younger.

Castensen has over 25 years' financial services experience in financial advice, funds management and investment research. He is the former CEO of Centric Wealth, a firm that he co-founded in 2005 through the merger of Centrestone Wealth Advisers and Berkley Group.

Prior to this, he was managing director of Berkley Group, which spun out of Godfrey Pembroke in 1999. Recently, he has provided operational and strategic advice to a number of firms operating in technology, investment services and funds management.

Commenting on his appointment, Younger said: "We are excited to have such a well-respected, experienced executive on board to support Fortnum's growth initiatives and also work closely with our advisers to drive growth in their underlying businesses."

Castensen added: "I strongly believe there has never been a more important time for consumers or greater value placed by advisers on the need to have an unbiased environment for them to receive and offer financial services. I joined Fortnum with that very much in mind and look forward to working with their planners, existing and future - over the years to come."