Progeny have appointed Stewart Cape, formerly of KPMG, to the newly-created role of Head of Corporate Development.

In his new remit, Stewart will take responsibility for informing and driving the acquisition activity of the business in line with Progeny’s broader strategic objectives for development and growth.

Stewart spent 12 years at KPMG where he led the financial services M&A practice for their Northern corporate finance business, advising shareholders and financial investors on a range of significant transactions in the sector including, partial and full exits, acquisitions and private equity deals.

Stewart said: “Progeny is a business I know extremely well, having spent a significant proportion of last year working closely with Neil and the team, so when Neil offered me the role of Head of Corporate Development I was excited to come onboard.

“It is a firm that is on an impressive growth journey, and I look forward to working closely with the leadership team to find ways to add to its unique client proposition and support its ambition to change the industry for the better.”

Neil Moles, CEO of Progeny, said: “We’re very happy to announce Stewart’s appointment to this new role with Progeny. He is one of best-known finance services specialists in corporate finance in the UK and comes with an impeccable pedigree.

“Stewart advised Progeny on our partnering with Further Global in 2021 so he already knows the business inside out. Now he is going to play a vital role within Progeny, professionalising our inorganic growth activity and spearheading the ongoing transformation of the business. It’s clear the positive impact that someone with Stewart’s insight, experience and analytical skills will have on our corporate ambitions.

“Our acquisitions are part of a considered and strategic approach to growth, where we select only the best businesses with the right structure and service proposition to enable us to pursue our aim of becoming the best and most trusted professional services firm in the UK and beyond.”