The chief executive and deputy chairman of wealth management group Kingswood have increased their stake in the business via a debt to equity swap.

Gary Wilder (chief executive) and Jonathan Massing (non-executive deputy chairman) have requested to convert £500,000 of convertible debt into additional shares.

This gives them an overall stake of 38.85 percent, up from 36.55 percent. The stake is held via Mr Wilder and Mr Massing’s private investment vehicle Kingswood Property Finance, via its subsidiary KPI.

Mr Wilder replaced Marianne Ismail as chief executive of Kingswood (which trades as KW Wealth), after s...