James Hay has appointed former Cofunds head of sales and marketing Alastair Conway as chief executive.
The move sees Conway take over the responsibilities of James Hay managing director Tim Sargisson, who is taking up the newly created role of chief executive of parent IFG’s Financial Services Division.
Conway announced he was leaving Cofunds in January after five years with the platform, having joined in 2008 as marketing and proposition director. Prior to Cofunds he was head of propositions and commercial development at Sesame.
IFG Group chief executive Mark Bourke says: “Alastair comes to us with an excellent track record and we look forward to the next stage of the James Hay Partnership’s development under his management.”
Thomas and Thomas Financial Services managing director Darren Lloyd Thomas says: “The movement of managers within the platform industry shows the pressure firms are under to get the right men in place. It is all about short-term growth and Alastair will be under pressure to deliver this at James Hay. Previously, James Hay has been thought of as quite expensive and has not offered good service so he will be expected to turn these things around.”