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Falcon picks ex-Gartmore chief for wrap venture

Falcon Group has hired former Gartmore, M&G and Fidelity chief Piers Denne to lead its technology proposition with a view to setting up a new platform or wrap facility.

Denne joins as business development manager and will carry out a three to four month review to decide the best solution for the national IFA.

Falcon Group chief executive Allan Rosengren says one possible way forward would be to white-label an established provider’s wrap.

Various approaches have already been tested, includ- ing the forthcoming Standard Life wrap.

Rosengren says the firm is carrying out the review bec-ause it is keen not to jump into a wrap world full of “loose thinking”, where many are finding it hard to correlate the wishes of the adviser and the provider.

Denne’s last role was head of third-party distribution at Gartmore but he also has life office experience at Prudential and Commercial Union and was previously an IFA.

Denne says: “I have been brought in to conduct a review of how to create a facility to allow the group and its members to benefit from a platform utilising the database and client information system that we already have.”

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