01 Apr 2021
Zeus Capital, a leading adviser to mid-market companies, today announced that John Goold is stepping down as a Board Director of Zeus Capital Limited to coincide with the end of its financial year. John continues to be a fully committed member of the Zeus Capital team, focusing on day-to-day client service and business development, and remains on the Board of Zeus Group Limited.
John hands over the CEO role solely to Tony Scawthorn, who has held the Joint CEO role with John since November 2020. Tony joined the firm in March 2020 and has extensive experience in strategic management at board level and a proven record in the growth and development of successful financial institutions. His most recent role was as a founding executive director and COO of Liberum Capital.
Commenting on the news, John Goold said, “This is a truly exciting time for Zeus and now is the right time for me to hand over the reins to Tony while I remain very much part of the business and have the opportunity to concentrate on what I enjoy most. Tony has done a first-class job of running the business alongside me over the last year, and I have every confidence that he is best placed to take our business to the next level as we near the end of our financial year in a very strong position.”
Tony Scawthorn added: “John has made an outstanding contribution to Zeus over the last 9 years and I’m delighted to become CEO of a business with great people, great clients and strong momentum as we go into our new financial year. We enter the year having delivered strong and profitable growth despite extremely challenging conditions, with a record numbers of deals executed for a growing client base which gives us a great platform to build on.”
During the last year, Zeus has delivered a strong performance while investing in its platform and people. The firm raised £600 million for its clients and completed 34 equity, debt and M&A deals with a combined gross value of over £2bn. It expanded its UK PLC client base with 16 new clients and saw its average client market cap increase to £378m.