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1St Exchange merger forms Avelo brand

The combined businesses of 1st Exchange, N4 and Screen Business are to rebrand as Avelo from April 4.

1st Exchange acquired Screen Business, which supplies websites and internet applications, in February and bought software provider N4 Solutions last June.

In August 2009, Lloyds TSB Development Capital bought a majority stake in 1st Exch-ange in a £115m deal.

Former 1st Exchange and N4 managing director Chris Noblet has been appointed Avelo managing director. He says: “Our industry is going through a period of reinvention spurred by consumer demand for greater transparency and value together with more cost-effective products, regulation to address this and the digital revolution, which is changing the way we behave and access finan- cial products.”

Yellowtail Financial Planning Dennis Hall says: “We are going to see more and more of this kind of consolidation. If it leads to greater cost saving, then it will be a good thing.

“The software sector’s offering to the financial services industry is fragmented and many software firms do not have enough money to develop real sustainability.”


Arbuthnot Latham to offer IFA discretionary service

Arbuthnot Latham has launched a discretionary investment management service for IFAs. The firm has appointed former Brooks Macdonald senior intermediary sales manager Gareth Syms as head of business development and former Zurich Intermediary Group senior sales consultant Kevin Rait as business development manager. The pair will act as a point of contact for the service, […]

Public sector employers to pay £8bn more a year

Public sector employers could face additional pension costs of more than £8bn a year at current prices after the Government set the discount rate for pension contributions at 3 per cent above the consumer price index level. The Budget document says the discount rate will be based on the long-term expectation of GDP growth to […]

Target practice

Small-cap managers have been searching the alternative investment market for growth opportunities, arguing its reputation as a volatile and trendy listing space is misleading. Although the Aim market now has more than 40 per cent of its constituents in the resources sector – similar to its high-tech weighting during the 1999 boom – managers believe […]

Happy while you work

Well we’ve had scorching weather (yes even up here in Scotland!) and now the Euros 2016 are on – you can’t blame people for wishing life was just one big holiday.  With all these distractions it sometimes feels like work just gets in the way of having a good time! But sunny day skivers are […]


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