Hindu Blessing
Friday, 29 August 2008
Ascentric’s new Indian operation in Bangalore has been given a traditional Hindu ceremony consecrating the office to provide prosperity and success for all those who work there.
The new office will continue to develop the successful Blue-button technology that powers the Ascentric wrap platform.
The hour long ceremony was led by Sashi Chandru, Managing Director of Ascentric’s Indian operation who also blessed David Harvey, Ascentric’s IT Director and Alex Mitchell, Ascentric’s Programme Manager to ensure all their dealings in the office are carried out humbly and in good faith. Molloy Bannerjee, Chairman of Ascentric’s Indian operation was present throughout. (photographs attached)
Hugo Thorman, Ascentric’s Executive Managing Director said, “The new office facilities and space provides us with plenty of opportunity to extend the team further to accommodate our development plans for the Ascentric and White Label propositions.
“In addition to carrying out technical design, coding and testing, we also have an ‘architecture team’ who are focused on evolving the Blue-button system as technology progresses.”
- ENDS -
For further information please contact:
Mark Murphy
Ascentric
Email: mark.murphy@ascentric.co.uk
Tel: 01225 787208
Mobile: 07788 107373
Issued by Concise Public Relations:
Martin Wood
Email: martin@concisepr.com
Tel: 01252 656435
Mobile: 07946 527240
Note to Editors
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).