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New appointments at Ascentric

Tuesday, 10 June 2008

Ascentric, the Independent Wrap Provider, announces two new appointments, within the areas of Business Development and Operations, who will support IFAs - with more new staff to join in the next couple of months.

John Braybrook joins Ascentric as Business Development Manager (BDM) for Wales and the South West of England and Ian Beardow, as a Training and Relationship Manager (TRM) for the South East.

John Braybrook will work closely with Nick Jones, Head of Sales, to help develop new business and be the initial contact for IFAs in Wales and the South West.

Ian Beardow will focus on the South East to develop the business further and support the transition of IFA assets on to the platform. Ian will also provide any training and give ongoing assistance to existing IFA users of the Ascentric Wrap. Both John and Ian have over 30 years combined experience in the financial sector.

Michael Fordham Business Development Director of Ascentric said, "In addition to John and Ian, we are in the process of recruiting more BDMs to cover Scotland, East Anglia and the Midlands as well as TRMs for London and the M25, Northern England and Scotland. Our aim is to ensure that we continue to support IFAs across the whole of the UK - these and future appointments really underline this strategic commitment."

ENDS

For further information, please contact:

Ascentric
Michael Fordham
Business Development Director
E-mail: michael.fordham@ascentric.co.uk
Tel: 0207 553 9170
Mobile: 07718538541

Notes to Editors:

John Braybrook: Career history - Started as a trainee IFA Consultant and worked as a Consultant in Leicester and Norfolk until joining Norwich Union in 1998 in Norwich. He moved from Consultant to Investment Development Manager and then Business Development Manager for their Wrap proposition in 2007.

Ian Beardow: Career history -25 years in financial services working for Barclays Bank (IFA sales in South West), Clerical Medical (Broker Sales in South East) & Friends Provident (Broker Consultant in London).

About Ascentric

Ascentric and Fundsdirect are the trading names of Investment Funds Direct Limited.

Investment Funds Direct Limited was founded in 1982, and Fundsdirect launched as the UK's first online fund supermarket in December 1999. Since that time, the company has built on their reputation as a leading UK fund supermarket to provide Independent Financial Advisers (IFAs) with a Wrap service under the brand name of Ascentric.

Ascentric is a whole of market Wrap service, available exclusively to IFAs and offers a fully integrated online investment management and dealing platform. It also enables IFAs to transfer their clients' assets onto a single platform to provide them with the ability to manage their client's financial needs in just one place. This is obviously a considerable enhancement to the existing, time-consuming practice of IFAs introducing their clients to a number of different product providers.

In October 2007, a majority holding of Investment Funds Direct Group Limited was acquired by Royal London Group.

For further information about Ascentric and Fundsdirect, please visit either www.ascentric.co.uk or www.fundsdirect.co.uk

Royal London Group is a specialist financial service provider. Its businesses focus on those sectors of the market which value premium propositions, operating through a number of brands:

  • Scottish Life – UK pensions market
  • Bright Grey – UK protection market
  • Scottish Life International – offshore investment markets
  • Scottish Provident International – offshore investment markets
  • RLAM – fund management
  • RLAS – life and pensions administration
  • Fundsdirect / Ascentric – funds supermarket; Wrap Platform

Royal London is one of the stronger life and pension companies in the UK, and has a strong track record for with-profits performance.

Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £32.6 billion. Group businesses serve around three million customers and employ 2,630 people (figures quoted are as at 31 March 2008).