New Managing Director For Ascentric
28 July 2014
Ascentric, the independent wrap platform, and its institutional arm IFDL, today revealed its new Managing Director. Jon Taylor, currently CEO of Royal London (CIS) will join the business in January 2015.
He replaces Hugo Thorman, who will step up to become Chairman of the company and work closely with Jon. Both appointments are subject to regulatory approval.
Jon joined Royal London’s executive team on the acquisition of CIS, the Co-op’s life insurance business, in July 2013. He held a number of roles within CIS, including heading up IT and technology strategy, Business Transformation and latterly Head of the CIS Life & Savings business. The organisation holds a set of highly successful sustainable funds and unit trusts.
Hugo Thorman says: “We are delighted to appoint Jon to the role of Managing Director. I have got to know him personally over the last year through his role on the Royal London Executive Committee, and he will be a great leader for Ascentric.”
Jon Taylor says: “I am very much looking forward to becoming Managing Director of Ascentric. It is a very exciting time for me to be joining the company at a time of rapid growth for the business. I am also looking forward to working even more closely with Hugo.”
Ascentric, which is owned by Royal London, announced earlier this month that it had reached £8 billion of assets under administration. Having already signed contracts, Ascentric is on course to complete the transition of its back-office platform technology to Bravura’s Sonata software over the next year, delivering significant operating efficiencies and scalability to the business.
Ascentric is a wrap platform, available exclusively to financial advisers and offering a fully integrated online investment management and dealing platform. It also enables advisers to transfer their clients’ assets onto a single platform, a more efficient process to meet their clients’ financial needs.
For further information please contact:
Gareth Evans - 0207 506 6715 / 07919 170069
Lisa Quinn - 0207 506 6719 / 07919 170524
Royal London is the largest mutual life and pensions company in the UK with Group funds under management of £76.2 billion. Group businesses serve around 5.3 million customers and employ 2,900 people. (Figures quoted are as at 31 March 2014).
Over the next two years the Group is moving to operate all of its UK life, pension and investment business under a new version of the Royal London brand. Royal London Asset Management is now under the new master-brand and the Scottish Life, Scottish Provident and Bright Grey brands will migrate over the next eighteen months.