PSG Financial Services Limited announced that Dan Hugo has decided to stand down in his capacity as chief executive of PSG Distribution. He has been with the Company since inception and has played an invaluable role in PSG Financial Services 25 years success story. Dan's passion has always been his deep-rooted relationships with the adviser offices and driving growth.

Dan has agreed to continue as Chair of Adviser Acquisition's working closely with Chris Liebenberg who is the head of national adviser acquisitions. He will relinquish all his other subsidiary company directorships to focus on the new role. The company announce Edward Gibbens an industry stalwart with 30 years of experience at the Santam Group, will succeed Dan as chief executive of PSG Distribution.

He brings in-depth knowledge of the distribution space through his various senior roles at Santam, such as head of broker distribution and more recently as chief commercial officer. Edward will commence his appointment with effect from 2 April 2024, after completing his commitments to Santam.