Cofunds has appointed four new directors to its executive team, including two from its parent company Legal & General (L&G).
Joining from L&G are Graham Jackson, formerly customer services director of the IPS platform, and Mike Carpenter, former product director of L&G’s investment unit. They will take up the positions of operations director and head of institutional operations, respectively.
Cofunds has also appointed Simon Lloyd as financial director. Lloyd was most recently responsible for operational finance for Aegon and previously chief financial officer at Skandia UK.
Cofunds has also appointed Hugh May, former executive director at Suffolk Life, for the new role of change director. His responsibility will be to develop an ‘enhanced change capability’ across the business.
David Hobbs, Cofunds chief executive said: ‘Each of the new joiners brings with them a wealth of experience of serving intermediaries and investors, and I have no doubt their ambition and extensive industry knowledge will be a real asset for Cofunds.
‘With our new senior team in place, we look forward to growing the business further in 2014, and building and improving on our current position of strength in the market.’
In March L&G confirmed plans to acquire the 75% of Cofunds it did not already own for £131 million.