JMG Group appoints new corporate finance manager

Callum Masterson

One of the UK’s leading insurance broker groups has apppointed Callum Masterson to the newly created position of corporate finance manager to support acquisitive growth.

JMG Group has doubled in size over the past 12 months and expects to double again in the next 12 months and Callum will play a pivotal role in in strengthening JMG Group’s mergers and acquisitions proposition.

An ICAEW qualified accountant, Callum was previously a senior manager at BDO UK and brings seven years of financial industry experience to the business.

As corporate finance manager, Callum will work closely with group chief financial officer, Tim Philip, to identify like-minded independent insurance brokers, securing acquisition deals and implementing due diligence processes on deals. He will also be involved in integrating newly acquired businesses into the group, which now includes 14 businesses operating from 11 offices across the UK.

Callum said: “Having worked alongside JMG Group on a recent transaction, I have seen how impressive and ambitious the senior team is and I wanted to be part of the company’s growth story. It’s an exciting time to be joining them as the business is growing and evolving and I am looking forward to making my mark on the role whilst helping deliver and integrate future acquisitions.”

Tim Philip, JMG Group chief financial officer, said: “We believe that investing in great people makes a great insurance broker – whether that’s at board level, client handling or operational.

“Callum is a fantastic addition to our business and his appointment marks a significant milestone for our acquisition drive. He is very experienced and will help give us a broader knowledge and financial experience that will be invaluable. This is an exciting role and one which I am sure Callum will make his own.”

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