Team Adds NED to the Board
Cusins held senior positions at UBS, Dresdner Bank and KPMG
By Gary Robinson
TEAM plc, the UK listed wealth, asset management and financial services group, has announced that John Cusins has been appointed to the Board as an independent Non-Executive Director, with immediate effect.
Cusins brings experience across wealth management, private equity, capital markets and strategic growth experience. Most notably, he co-founded and helped build Lumin Wealth Management from approximately £12m to £1.4bn of assets under management, before overseeing the sale of its majority stake in the business to VZ Group.
He has also held senior positions at UBS, Dresdner Bank and KPMG and brings considerable experience in capital allocation and corporate transactions.
Cusins’s experience in building and scaling wealth management businesses will provide valuable support as TEAM enters the next phase of its development, the company said in a statement.
Mark Clubb, Executive Chairman of TEAM, said: “I am delighted to welcome John Cusins to the Board of TEAM plc as a Non-Executive Director. John has a proven ability to identify opportunities, build high-quality financial services businesses and create long-term value for shareholders.
“That will be invaluable as TEAM enters its next phase of growth. As we continue to scale our business, expand internationally and pursue further strategic opportunities, I look forward to working closely with John and benefiting from his judgement, challenge and commercial insight.”
TEAM Appoints Lumin Wealth Founder to the Board
Jersey-based wealth manager Team plc has appointed Lumin Wealth founder John Cusins to the board as an independent non-executive director, with immediate effect.
The firm recently acquired troubled Financial Planner and wealth manager WH Ireland for £12.7m, where Mr Cusins, 54, had been a director.
Mr Cusins was appointed a non-executive director of WH Ireland in October 2025 to help the firm in its consultations with principal shareholders on the future plans for its business.
Soon after his appointment WH Ireland entered talks for an all-share merger with fellow wealth manager Team, which eventually led to the sale being confirmed in March.
Mr Cusins is a qualified chartered accountant and has held several senior directorial positions in the investment management and financial services sector.
He was one of the founders of Lumin in 2010 along with Martin Cotter, helping to build it from approximately £12m to £1.4bn of assets under management, before overseeing the sale of its majority stake in the business to VZ Group in May 2021.
He has also held senior positions at UBS, Dresdner Bank and KPMG and has considerable experience in capital allocation and corporate transactions.
Team said Mr Cusin’s experience in building and scaling wealth management businesses will provide valuable support as it enters the next phase of its development.
Mark Clubb, executive chairman of Team, said: “John has a proven ability to identify opportunities, build high-quality financial services businesses and create long-term value for shareholders. That will be invaluable as Team enters its next phase of growth.”
Last month Team reported revenue up 18% to £6.9m in the six months to the end of March, up from £5.8m in the same period last year.
Losses climbed slightly in the period, rising from £1.76m in 2025 to £1.84m this year. The period included the WH Ireland acquisition as well as the acquisition of Financial Planning business EPIC Fund Services Guernsey for £800,000 in March.
Team has also exchanged contracts to acquire eight institutional quality investment mandates from EPIC Markets (UK), the £157m AUM UK based investment management business, for £1m.
TEAM plc Independent Director John Cusins Boosts Holdings with £5,000 Share Acquisition on AIM
By Divya Sood
TEAM plc (AIM: TEAM), the global wealth, asset management, and financial services group, has revealed that Independent Non-Executive Director John Cusins acquired 32,258 ordinary shares at 15.5 pence each on 23 July 2026. This purchase increases Mr Cusins’ stake to roughly 1.21% of the Company’s issued share capital, reflecting his confidence in the Group’s strategic direction. The disclosure complies with Article 19 of the EU Market Abuse Regulation 596/2014.
Key Points
- TEAM plc (AIM: TEAM) is an international wealth, asset management, and financial services group listed on the Alternative Investment Market
- Independent Non-Executive Director John Cusins purchased 32,258 ordinary shares at 15.5 pence per share on 23 July 2026
- Post-purchase, Mr Cusins holds 1,469,170 ordinary shares, equating to approximately 1.21% of TEAM plc’s current issued share capital
- The transaction was executed on the London Stock Exchange AIM and disclosed under EU Market Abuse Regulation 596/2014 requirements
Director John Cusins Demonstrates Confidence with 15.5 Pence Share Purchase
John Cusins, Independent Non-Executive Director at TEAM plc, completed the acquisition of 32,258 ordinary shares at 15.5 pence each on 23 July 2026 via the London Stock Exchange AIM. Such direct investments by board members are often interpreted by investors as a strong endorsement of the Company’s future prospects and strategic vision, as insiders commit their own capital to the business.
This transaction signifies a substantial personal financial commitment from Mr Cusins, who holds an independent governance role within TEAM plc. Public disclosure of director dealings under Market Abuse Regulation attracts investor attention, as these transactions can reveal management’s valuation and outlook. The purchase price reflects prevailing market conditions at the time, offering a benchmark for recent trading activity in TEAM plc shares.
Shareholding Now Constitutes 1.21% of TEAM plc’s Issued Capital
Following the share purchase, Mr Cusins’ total holding increased to 1,469,170 ordinary shares, representing approximately 1.21% of the Company’s issued share capital. This makes him a significant shareholder within TEAM plc, indicating a growing commitment to the organisation’s long-term success and shareholder value creation.
Disclosure of this shareholding percentage enhances transparency around board members’ alignment with shareholders. Independent non-executive directors holding meaningful stakes are seen as having genuine financial interests in the Company’s performance, which can strengthen governance and ensure strategic decisions align with shareholder interests. Mr Cusins’ 1.21% stake underscores his material personal exposure to TEAM plc’s outcomes.
TEAM plc’s Role as an International Wealth and Asset Management Firm
TEAM plc operates as a global wealth, asset management, and financial services group, serving clients across multiple jurisdictions. The Company’s business model integrates wealth management, asset management, and broader financial services, positioning it competitively within the professional financial services sector. Listed on the AIM market under the ticker TEAM, the Group benefits from capital access and liquidity with regulatory flexibility compared to the main market.
With its Jersey registration (LEI: 213800EP1CI5ANR7RP18), TEAM plc’s international operations reflect the global nature of modern wealth and asset management, serving diverse client bases and revenue streams across countries and currencies. Offering a broad range of services enables diversification across revenue lines and client segments within the financial services industry.
Share Price of 15.5 Pence Reflects Current Market Valuation
The 15.5 pence per share price at which Mr Cusins acquired shares offers a recent market valuation reference for TEAM plc. Executed on 23 July 2026 through the London Stock Exchange AIM, this price represents the equilibrium of supply and demand on the transaction date. Investors often analyze independent directors’ purchase prices as potential indicators of perceived company value, though such assessments should consider broader market context.
The AIM market’s trading rules and transparency mechanisms governed the transaction, providing a regulated venue for smaller and growth-stage companies to raise capital and trade shares with regulatory flexibility. The 15.5 pence price reflects the cleared market rate on the day of purchase, supplying investors with up-to-date pricing for TEAM plc shares.
Independent Non-Executive Director Role within TEAM plc’s Governance
John Cusins serves as an Independent Non-Executive Director on TEAM plc’s board, a role distinct from executive management. This position focuses on independent oversight, governance, and scrutiny of management decisions. Independent directors bring external perspectives, industry expertise, and impartial judgment while maintaining independence from executive operations. Mr Cusins’ independent status is crucial in evaluating the significance of his share purchase, indicating alignment of interests without employment-related incentives.
Unlike executive directors, independent directors generally do not receive performance-based remuneration tied to share price, suggesting Mr Cusins’ investment reflects personal conviction rather than benefits from options or restricted shares. Board independence is a cornerstone of sound corporate governance, and independent directors’ share acquisitions demonstrate financial commitment to company performance.
Competitive Landscape in Wealth and Asset Management Sector
TEAM plc competes in the wealth and asset management industry, where client relationships, investment performance, and regulatory reputation are vital. The Group’s international reach aligns with industry trends toward diversified revenue streams and global client servicing. Wealth and asset management firms typically operate with capital efficiency, driven by assets under management, fee income, and operational leverage. The sector has seen consolidation and increasing regulatory demands across jurisdictions.
Director confidence, demonstrated through personal share purchases amid active markets, is particularly relevant in this sector, where investor perceptions of management stability influence client trust. Board members investing personal capital can positively impact due diligence assessments by clients. TEAM plc’s position in this sector means management confidence signals like Mr Cusins’ share acquisition are significant to stakeholders.
TEAM plc strengthens board with appointment of wealth management veteran John Cusins
TEAM plc has appointed industry veteran John Cusins as an independent non-executive director, strengthening its board with deep expertise in wealth management, private equity and capital markets. Cusins co-founded Lumin Wealth Management and helped grow it from about £12 million to £1.4 billion in assets under management before leading the sale of a majority stake to VZ Group.
The company expects Cusins’ track record in building and scaling financial services businesses to support TEAM’s next phase of growth as it scales operations, expands internationally and pursues strategic opportunities. His experience in capital allocation and corporate transactions is seen as enhancing the group’s strategic oversight and governance, with implications for long-term value creation for shareholders.
Cusins holds a direct and indirect interest in TEAM ordinary shares, further aligning his interests with those of investors. The board-level appointment underscores TEAM’s ambition to reinforce its leadership team as it seeks to strengthen its competitive position in the wealth and asset management market.
