Standard list shell Marwyn Acquisition Company II (LON: MAC2) has appointed former Curtis Banks Group (LON: CBP) chief executive Will Self as the chief executive – pensions division.
This year, AIM-quoted Curtis Banks was acquired for 350p a share in cash by Nucleus Financial Platforms, which valued the SIPP administrator at £242m.
Marwyn Acquisition Company II joined the standard list on 4 December 2020. The original investing strategy covered a wide range of sectors including media, technology, e-commerce, healthcare and business services.
Last June, Mark Hodges was appointed chairman and the strategy was refined to focus on financial services, consumer and technology sectors. Mark Hodges is the former chief executive of life assurance company ReAssure and he previously worked at Aviva. As did recently appointed non-exec Cathryn Riley, who replaced Mark Brangstrup Watts on the board.
Will Self will lead the search for suitable financial services acquisitions. The strategy has been further refined to include themes including changing population demographics, intergenerational wealth transfer, social and family support and concentration of wealth.
Marwyn Acquisition Company II has net assets of £8.25m, including cash of £10.2m.