New Head of Dealing
Tuesday, 4 November 2008
Ascentric, the whole of market Wrap provider, announces the appointment of Mike Stacey as new Head of Dealing.
Mike's appointment will allow Ascentric to significantly enhance its dealing service in Funds and exchange based securities. He will manage a dedicated team of dealers, executing trades for Ascentric's rapidly growing client base.
Prior to Ascentric, Mike has worked in a variety of market making and trading environments at Christows Stockbrokers, the CMC Group, Beeson Gregory, Merrill Lynch International, Granville Investment Management and IFDS over a 14 year period.
Hugo Thorman, Executive Managing Director of Ascentric said, "Mike has joined the team at this busy and exciting time for the company. His vast experience and understanding of the equity markets will ensure further improvement and the continued success of this expanding business function".
-ENDS-
For further information please contact:
Ascentric
Mark Murphy
Email: mark.murphy@ascentric.co.uk
Tel: 01225 787208
Mobile:07788 107373
Issued by Concise Public Relations:
Martin Wood
Tel:01252 656435
Mobile:07946 527240
Email: martin@concisepr.com
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 quality propositions, operating through a number of brands:
- Scottish Life – UK pensions market
- Bright Grey – UK protection market
- Scottish Provident – UK protection market
- Phoenix Life Assurance Limited – provides life and pensions products to Abbey's national branch network
- 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 the largest mutual life and pensions company in the UK with Group funds under management of £32.4 billion. Group businesses serve around three million customers and employ 2,750 people. Figures quoted are as at 30 June 2008, prior to the acquisition of Scottish Provident's new business capabilities (in respect of individual life protection business) and of Phoenix Life Assurance Limited.