Hyperion-owned broking house Howden has tapped the boss of its Iberoamerica business José Manuel González as its next CEO.

González will take the reins from David Howden who has been the driving force behind the broker since it was founded in 1994.

The reshuffle will see David Howden remain CEO of Hyperion, the group’s parent company.

González is expected to assume his new role at the helm of the broker at the beginning of October. Until then, he will take the title of deputy CEO to assist in the transition, Howden said in a statement.

Hyperion received a significant boost late last year when Canadian investment house Caisse de dépôt et placement du Québec put more than $400mn into the business.

In a statement today, David Howden said: “Following the investment by Caisse de dépôt et placement du Québec in our business, we have entered a new chapter of growth.”

“As the group continues to evolve, it is time for me to focus more on our group strategy and ambitious growth plans.”

González established the intermediary’s Iberian business, which is now the fourth largest broker in Spain, Howden said.

“José Manuel has a real passion for our business and understands that it is the talent and the culture in the group that sets us apart and that our employee-ownership model ensures our focus is on delivering the best solutions for our clients as it is personal for us,” he went on.

González said: “I feel both excited and privileged that David has asked me to take on this challenge.

“I know from personal experience that Howden has even greater potential than we have already achieved. I look forward to working closely with the management teams in each of our five regions to drive forward together our ambitious growth plans.”

In addition to his group responsibilities, González will remain CEO of Howden Iberoamerica, which has 700 employees in eight countries, and continue to report to David Howden.