View more on these topics

SJP-owned DFM poaches ex-Cofunds chief

Business-Handshake-General-Hire-Appointment-700x450.jpgDavid Hobbs, Aegon’s managing director investments and former chief executive of Cofunds, is leaving the company to head St James’s Place-owned discretionary fund manager Rowan Dartington.

Hobbs was previously chief executive of the Legal and General-owned Cofunds platform before it was acquired by Aegon in 2016. He will take on the role of chief executive at Rowan Dartington, subject to regaulatory approval.

There is no fixed start date for Hobbs yet but he will not be leaving Aegon until the summer.

Outgoing chief executive Graham Coxell is moving to the role of Rowan Dartington executive chairman.

According to a statement from the DFM, Hobbs will have a focus on growing the company’s presence in Ireland and Asia. Currently Rowan Dartington has a presence in the UK and Hong Kong but last month the business acquired Dublin-based pensions and investment firm Harvest Financial Services in its first move into the country.

Coxell says: “David is extremely well regarded and it is a real pleasure to welcome him to lead the great Rowan Dartington family under the ownership of our fantastic parent SJP. David is extremely well suited and unquestionably the best person for the job.

“My time with Rowan Dartington has been one of the most remarkable, enjoyable and rewarding journeys of my career and I feel honoured to have had the opportunity to lead such a fantastically talented team of people, and I will be proud to hand over the chief executive reigns to David later this year.”

Hobbs says: “I am delighted to be joining Rowan Dartington and taking on the challenge of leading them to even greater heights, delivering an excellent service for private clients, intermediaries and the SJP partnership. I can’t wait to start.”

An Aegon spokesman comments on Hobbs’ departure: “‘David has received an exciting opportunity to take on a chief executive position at a leading wealth management firm. We would like to thank him for his work over the years and wish him all the best for the future.”



Is regulation killing pension freedoms?

Regulation around defined benefit transfers and drawdown must be strong enough to protect consumers but not to the extent it erodes pension freedoms The FCA has had its work cut out since pension freedoms took effect. Having taken the industry by surprise when announced in 2014, the reforms have thrown up plenty of concerns for […]


Investment scammer sentenced for contempt of court

A man behind a land investment scam has been sentenced to serve six months in prison for breaching a court order intended to recoup more than £14m lost by his fraud victims. The FCA flagged up the ruling in an update published today about Robert McKendrick who breached freezing injunctions by diverting funds and failing […]

Global income: preparing for a rate rise…

In the five years since we launched the Artemis Global Income Fund, its manager Jacob de Tusch-Lec has built a distinctive portfolio that is first among its peers. Here he explains why his “quality, cyclical and value yield” stocks, and flexible approach, leave the fund better placed to benefit from uncertainty than funds that depend […]


News and expert analysis straight to your inbox

Sign up


There is one comment at the moment, we would love to hear your opinion too.

    I hope that they have some caveat emptor statements on their paperwork? or is that ‘Secret Squirrel’ statements?

Leave a comment


Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm