Mike Morrow joins Ascentric
9 January 2012
Ascentric has appointed Mike Morrow to the position of Sales and Marketing Director for
Ascentric and IFDL. Ascentric, the leading independent wrap platform, reached
profitability in 2011 and has now accumulated over £3.6bn of assets under
administration.
Mike joins from HSBC where he was UK Head of Commercial Wealth Management.
Previously, Mike spent 9 years at Axa where his last role was Head of Platform
Distribution for Axa Wealth's wrap platform.
Hugo Thorman, Managing Director of Ascentric, said
“I am delighted Mike has agreed to join us. He has the exact skill set and reputation we need to lead the Sales & Marketing team of a leading wrap platform business in this exciting and growing market.”
Mike Morrow said,
“I am incredibly excited to be joining Ascentric at this point in its evolution. I spent a number of years competing with Ascentric while at AXA and then the last 16 months working in partnership with them while at HSBC, as provider of an open architecture onshore bond. Successful platform adoption and integration is one of the critical steps in getting an advisory business ready to survive and thrive in the post RDR environment. As one of the few profitable platforms in the UK market and with secure long term funding, I believe Ascentric is uniquely placed to deliver this."
He will join in March 2012 at the end of his notice period.
ENDS
For further information, please contact:
Ascentric
Dominic Ventham, Head of Marketing
Tel: 01225 787208, Mobile 07590 227039
Email: dominic.ventham@ascentric.co.uk
Issued by Concise Public Relations
Tel 0207 100 3960
Martin Wood
Mobile: 07946 527240, Email: martin@concisepr.com
Notes to Editors
Ascentric and Fundsdirect are the trading names of Investment Funds Direct Limited
(IFDL).
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 platform under the brand name of Ascentric.
Ascentric is a Wrap platform, 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.
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
• Caledonian Life – ROI protection market
• Royal London 360° – offshore investment markets
• RLAM – fund management
• Royal London Plus – life and pensions administration
• Ascentric/IFDL – Wrap Platform
• MoneyVista – online financial planning service for consumers
Royal London is the largest mutual life and pensions company in the UK with Group
funds under management of £44.2 billion. Group businesses serve around 4 million
customers and employ 2,950 people. Figures quoted are as at 30 September 2011.