FWD Group directors complete MBO

FWD Group has been acquired by two of its existing directors, Gug Kyriacou and Elliot Lane, from founder Michael Gaughan, who remains as a consultant with the business. The details of the transaction haven’t been disclosed.

Kyriacou and Lane joined the group, which includes research division FWD Research and investor content service business First Quartile, in 2013 and 2012, respectively. Kyriacou has some 20 years’ financial services comms experience from in-house and agency roles, while Lane spent two decades in journalism and PR with organisations such as Lloyd’s of London.

Joint MD, Kyriacou, said: “Supported by the fantastic team we have here within FWD Group and our strong and loyal client base, Elliot and I have some exciting ideas for developing the business further and look forward to rolling these out over the coming months.”

Lane added: “Building on strong foundations, I am confident that the team will continue to open doors for FWD in new sectors offering corporate communication strategies. Our core skill sets, will ensure that existing and potential clients continue to benefit from value-enhancing PR counsel and content generation.”