Allfunds Bank has hired Selestias head of relationship services Richard Adler as its UK operations manager.
Adler will be charged with building the platforms UK distribution base. Allfunds is owned by Spains Grupo Santander and Italys Gruppo Sanpaolo and is Europes third largest third party platform. It has four UK staff with plans to expand to twelve in early 2006.
Allfunds UK director Holly Mackay says: We are well advanced in adapting our platform for the UK market and are already involved in discussions with a number of major UK distributors, including retail banks, wrap platforms and life and pension providers.