People moves: Phoenix Group, Franklin Templeton, TMF Group, AJ Bell, Arete, Just Group
Tom Sumpster as head of private debt direct origination.
Sumpster will work closely with Chief Investment Officer Mike Eakins, and will design and implement Phoenix s direct origination strategy for private debt as well as lead and co-ordinate Phoenix Group s direct origination through banks, sponsors, advisors and intermediaries.
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Tom has over twenty years of experience including at Santander Group where he worked in debt capital markets, Royal Bank of Canada, where he spent 9 years as head of Acquisition Finance, Global Investment Banking and most recently at Legal & General Investment Management as head of Infrastructure, Real Assets.
The coronavirus pandemic has had a “profound and harrowing” impact on the financial resilience of people in the UK with 27.7 million now exhibiting characteristics of vulnerability, according to figures from the regulator.
AJ Bell platform AUA top £55bn in last quarter
Inflows increased 67% in the quarter
Andy Bell: Increased awareness and trust in our brand continued to attract new advisers.
AJ Bell’s platform assets under administration hit £55.2bn in the last three months of 20202, an increase of 17% over the same period last year and up 11% in the quarter, latest results show.
In a trading update for Q4 last year, the provider said customer numbers had grown by 16,959 in the quarter, an increase of 88% compared to the first quarter of the prior year when they were 9,033.
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