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GBST UK head Wilkinson takes director role at IFDS

GBST Wealth Management head of UK business Ian Wilkinson is joining technology firm International Financial Data Services as director of platform technology.

Wilkinson has been with wrap technology provider GBST since March 2007. GBST provides the technology behind the Novia, AJ Bell, JP Morgan and Aegon Retirement Choices platforms.

GBST chief executive Rob DeDominicis says: “Over the last five years, Ian has been a valued member of the management team at GBST.

However, all good things come to an end and although we are sad to see him leave, we wish him every success in his new position.”

IFDS, a financial services outsourcing joint venture run by US investment services firm State Street Corporation and US investment software company DST systems, holds a 24 per cent stake in Cofunds.

IFDS declined to comment.

Murphy Financial associate partner Adrian Murphy says: “It is no surprise to see people moving around in the platform industry and making the most of their experience. It is interesting to see people making moves from a sales role to a more technical consultancy role, where they can deal with many platforms as opposed to just one.”



‘RDR will only have short-term effect on access to advice’

Kinder Institute of Life Planning president George Kinder believes the RDR will only limit access to advice in the short term. The FSA’s original RDR discussion paper, published in June 2007, said the review would address consumer access to financial products and services. Access to advice is no longer stated as one of the aims […]


Ucis IFA declared in default

An adviser firm contesting a ban and £90,000 fine after it advised clients to invest a total of £9.7m into unregulated collective investment schemes has been declared in default by the Financial Services Compensation Scheme. Bath-based IFA Pave Financial Management was declared in default on April 17. The FSCS has so far paid out just […]

Ignis to launch absolute return product for credit team

Ignis Asset Management has confirmed it is planning to launch an absolute return fund for head of credit Chris Bowie in the summer. The intention to launch an absolute return bond fund was first revealed by Money Marketing in June last year. Bowie, alongside 15 members of the credit team, will manage Ignis’ new absolute […]

Christchurch fined for client cash failures

The FSA has fined financial planning and portfolio management firm Christchurch Investment Management £26,600 for failings to adequately protect client money. Compliance officer David Thornberry has been fined £11,550 and banned from acting as a compliance officer or having responsibility for client assets, the first time the FSA has issued such a ban. Firms are […]


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