View more on these topics

Simmonds will carry on Thinc’s growth strategy

Thinc Group’s new chief executive John Simmonds will continue the firm’s policy of achieving growth organically and by acquisition.

Simmonds took over as chief executive last week following Simon Chamberlain’s decision to retire from the business. He is keen to reassure Thinc advisers that it is business as usual and the company will continue in the same direction.

Simmonds is and will remain managing director of Advisory Services, the holding company set up by Axa to facilitate the purchase of Thinc, and a Thinc board director. Prior to Axa, he was managing director at Towry Law and has worked at AMP GI and Sun Life.

Simmonds says: “It was all rather sudden, it was not part of the overall plan. Over the last two weeks we have been having discussions with Simon about his future and his decision to retire meant we had to get on with it. My taking over seemed the logical solution.

“We will be making acquisitions but are also growing organically. Management and advisers will not notice or feel any difference under my coming in as chief executive. Nothing will change, as I will continue to take the business forward as it has been under Simon.”

Chamberlain wants to spend more time with his family. He says: “It is time to place Thinc in the hands of a new leader, to take it forward over the next five years with as much vigour and enthusiasm as I have done in the last five years.”

Recommended

The links effect

After returning to Carnoustie in Scotland for the The Open golf championships recently, I have no doubt that many people were tired of the re-running of the fateful 18th hole of the final round as played by Jean van der Velde the last time championship was held at the course in 1999.

IMA members run £3trn funds

The Investment Management Association’s annual survey reveals its members run over £3.1trn for clients. Of £650bn under management for retail clients, over a third is domiciled in Luxemburg, Dublin and other overseas locations.

Threesixty predicts price war on wrap in 2009

Threesixty is predicting platform providers are marching towards a price war that is likely to arrive in mid 2009.Threesixty says wrap will continue to grow slowly but steadily within the IFA sector throughout 2008. It expects the more established fund supermarkets will expand on the breadth of their offerings with additional tax wrappers. Partner Phil […]

The Commerce Centre hits 1,000 RIs

Since launching in June, The Commerce Centre has now reached 1,000 registered individuals.The portal for non-regulated products and headed up by former Thinc Group director Neil Harkin and says it is now half-way to its target of 2,000 advisers signed up to the portal by the end of 2007. Harkin says the development of the […]

FAMR – a familiar response

Pension specialist Fiona Tait takes a look at the Financial Advice Market Review and assesses the three areas where it suggests improvements can be made With significant budget changes ruled out (for a while anyway), the pension community briefly turned its attention to the FCA’s final report on its Financial Advice Market Review (FAMR), hoping […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com