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Vertex named biggest mid market private company

Vertex has been named as the biggest mid-market private company in Britain, according the to the Sunday Times HSBC Top Track 250 league table.

The annual table ranks Britain’s 250 biggest mid-market private companies by turnover.

Vertex tops this year’s poll with revenues of £415.9m in 2006, having been bought in March by a group of private investors by a consortium being led by Oak Hill partners, picking up the group by United Utilities.

Vertex Life, pensions and distribution managing director David Child says: “The appetite for outsourcing among financial services companies continues to grow, fuelled by intensifying cost pressures and competition.

“This is an exciting period in our development with both The Exchange and 1st continuing to see record levels of business in the adviser marketplace and increasing opportunities coming from our enhanced straight through processing capability. We also look forward to expanding our recent successes in our life, pensions and distribution and our mortgage administration businesses.”

Vertex chief executive officer Richard Graham says: “We are delighted to be confirmed as the UK’s number one mid-market private company. Our size helps us deliver improved results for our clients. With operations on three continents we bring our clients benefits from greater scale, shared services and market-leading capabilities.”


Shah plans to use Ucits III powers on special sits

Fidelity UK special situations manager-elect Sanjeev Shah will continue using the wider powers of Ucits III on the fund once Anthony Bolton steps down from fund management in 2008.Speaking at the Fidelity investment forum in London last week, Shah said he has used Ucits III powers on his European mandates in the past and will […]

A Shaw thing

Sam Shaw is a reporter on Money MarketingAfter only a day back in the office after a lovely, though not sunny, week off in Majorca, I was up in the middle of the night to catch a flight to the land of Guinness, leprechauns and the magnificent but slightly scary-sounding Druid’s Glen resort, about an […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


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