Legg Mason has appointed Rick Andrews as head of International Marketing, reporting to Matthew Schiffman, global head of Marketing. Andrews joins from Aviva Investors, prior to that he worked among others at Blackrock, Credit Suisse, Cofunds and Merrill Lynch Investment Managers. Source: Investment Europe. Read full article
Read more →August to October saw another quarter of significant growth with 48,000 activity/ mentions (a 17% increase vs the previous quarter) across the cohort of wealth management Brands included in this research. Wider UK industry activity/mentions grew by 8% for the quarter (off a much larger sample base
Read more →European platform behemoth Allfunds Bank has hired Cofunds managing director of operational services Stephen Mohan to spearhead growth in the UK. The Spanish platform administers around £80 billion of assets across Europe and runs around £10 billion for 20 firms in the UK. It now wants to
Read more →Cofunds director of marketing Verona Smith is joining The Platforum as an adviser to platforms and fund managers. The Platforum, owned by Fundweb publisher Centaur, says Smith’s role will cover both direct and advised channels. She will join in September. Managing director Holly Mackay says: “Post-RDR and platform
Read more →L&G this week acquired the 75 per cent of Cofunds it did not already own for £131m following months of negotiations between the businesses. Cofunds is currently the largest platform in the UK with around £50bn in assets, and the deal values the platform at £175m (to be
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Read more →Former Cofunds head of sales and marketing Alastair Conway has joined James Hay Partnership as chief executive. Conway is to take on the role at James Hay, part of IFG Group, on 4 March. As part of a wider reshuffle, former managing director of James Hay Tim
Read more →RSA has confirmed that Cofunds’ head of commercial Russell Lancaster has been appointed as distribution director for its UK commercial business. Mr Lancaster will assume his role in early September and will report to Chris Sime, director of sales and strategic relationships.He will focus on RSA’s distribution
Read more →Fund management Fidelity has launched an unbundled share class purely for its discretionary clients, insisting IFAs prefer to pay 1% for funds through platforms, a claim that has been disputed by other fund houses. The 0.75% ‘clean fee’ share class is to launch later this year on
Read more →Another announcement (with more expected to follow) aimed at direct-to-consumer RDR propositions. “Adviser firm HHPG Wealth Management is launching a direct-to-consumer proposition next month aimed at clients who cannot afford advice after the RDR. The Cardiff-based firm is looking to offer execution-only functionality across pension, investment, protection
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