LONDON (ShareCast) - WH Ireland announced its Chief Financial Officer Alan Kershaw has stepped down from the board by mutual agreement. He will be leaving the company at the end of February.

WH Ireland said it will be in a position shortly to announce Kershaw’s successor to the role of Finance Director.

Kershaw will work with Richard Killingbeck, WH Ireland's Chief Executive Officer, to ensure a smooth handover of responsibilities.

The broker today also released its full year results showing a return to full year profitability. The group assured investors it has made a decent start to its new year.

Pretax profits for its year to November 2013 came in at £1.7m compared to a 2012 loss before tax of £0.2m. Revenue increased by 18.2% to £29.7m, with recurring revenue up 32% to £8.9m

Richard Killingbeck, Chief Executive of WH Ireland, said: “"For the first time since the financial crisis, the group is now operating in more benign markets, albeit the environment remains highly competitive and subject to much regulatory change and consolidation.”

Killingbeck assured the current year has started well for the company. The number of corporate clients that it advises has risen further, which is driving a good pipeline of corporate transactions. Assets under management and administration, meanwhile, have continued to grow, boosted by stronger markets, he said

By 10:04 WH Ireland’s shares had risen 6.94% or 8.5p to 132p.

WS

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