Allfunds Bank head of UK and Ireland Alan Gadd is stepping down from his role at the end of April.
As revealed this week by Moneymarketing.co.uk, Gadd, who joined Allfunds Bank in 2009, will continue to act as a consultant to the London office focused on implementing the RDR.
Allfunds Bank global head of distribution and deputy general manager Gianluca Renzini has assumed direct responsibility for the management of the London office and Gadd will report to him in his consultancy role.
Renzini says: “Allfunds is in an excellent position as an international business-to-business platform provider to benefit from the growing trend for distributors to outsource their fund routing to specialist firms.
“Allfunds sees the RDR as an opportunity to grow its presence in the UK region and we intend to focus additional resources in the market to enhance our proposition.”
The Lang Cat principal Mark Polson says: “There is a lot of opportunity in the UK for platforms to attract investment and Allfunds Bank should be looking to build scale here.”