THB enters a new era with new leadership

by Richard Kilner

Story link: THB enters a new era with new leadership

THB Group, the specialist broker, has declared its intentions for ambitious growth in the future and announced its board level succession plan.

From 1 May next year retiring chief executive Vic Thompson will be succeeded by Frank Murphy, CEO of Lloyd’s broking operation Thompson Heath & Bond Limited.

Murphy has been a director of THB for the last nine years, and four years ago was appointed as chief executive officer of Thompson Heath & Bond Limited.

The man he will replace, Vic Thompson, founded Thompson Heath & Bond four decades ago, and in 1977 acquired its admission as a firm of Lloyd’s brokers.

Six years ago Thompson saw the company floated on AIM, and in retirement will retain his position as leading shareholder and keep his interest in the business.

Next year will also see the resignation of non-executive chairman Clive Williams, who departs on 31 January.

Senior non-executive director Nigel Moorhouse will assume his place.

Frank Murphy has described the significant changes as a new era for the organisation, stating that THB is well placed in a turbulent market.

Murphy also paid tribute to Vic Thompson, citing him as the reason for the firm’s standing and integrity today and for leaving the firm in a strong position.