John Caudwell, who founded and later sold the Phones4U group of mobile phone stores for £1.46bn in cash, is to join family office Signia Wealth as an advisory board member.

Signia's clients include ultra high net worth individuals, families, companies and trusts. The appointment is intended to focus Signia's growth going forward. The family office was established in March 2010, and claims £1bn in assets under supervision.

Nathalie Dauriac-Stoebe, chief executive of Signia, says: "We are thoroughly delighted to welcome John onto our advisory board team. As one of Britain's most successful and celebrated entrepreneurs, John's experience and expertise will doubtless prove invaluable in helping Signia Wealth develop and grow."

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