Distribution Financial News

26.01 / 14:13

People moves distribution Former Ardevora head of distribution joins Chikara Investments

Rittner left Ardevora in December 2023 and on 15 January 2024, the firm announced that it will be shutting down after 14 years

14.03 / 06:03

security Will distribution WazirX partners BitGo Trust Company to improve fund security

Trust Company — a regulated digital asset custodian and infrastructure provider — to improve security of funds on its platform and rebuild user trust. In July 2024, WazirX parent firm Zettai Pte suffered a theft in which over USD 230 million was stolen from its platform. This incident left many users, known as creditors, with substantial financial losses. The collaboration aims to highlight the measures being taken to restore user trust, a company statement said.

11.03 / 07:03

asset Will USD distribution Won't rejoice on approval of scheme;team will work hard to return value to users: WazirX Founder

USD 230 million crypto heist last year, WazirX is «hopeful» of securing adequate votes from users in favour of its upcoming scheme of arrangement, with founder Nischal Shetty asserting that while being legally binding, the scheme will allow the company a fighting chance to re-build value in «golden era of crypto» market. Shetty told PTI that the company's promise of returning 85 per cent to users «immediately» is a result of nearly USD 450 million reserves it has — the appreciated value of leftover tokens post July 2024, when the hackers stole USD 230 million of digital assets. "...if I can push this (scheme of arrangement) through, I will not rejoice. I and my team are going to work the next three years to bring back value," Shetty said.

16.12 / 15:18

property Unit trusts/OEICs M&G distribution suspensions First M&G Property distribution due in February with wind-up predicted to last 18 months

The fund is being closed due to the dwindling popularity of property vehicles, according to M&G, which noted the ongoing withdrawals are 'likely to continue' and may 'accelerate in the future'.

30.11 / 13:37

People moves Business roles liontrust distribution Liontrust restructures UK sales team and promotes Kristian Cook to distribution head

Kristian Cook (pictured) joined Liontrust in March 2019 as a single strategy sales manager in London.

04.10 / 11:15

People moves Business roles distribution business development Returns Former Rowan Dartington head of business development returns to industry with Walker Crips

Ryan Hughes, head of business development at Walker Crips Investment Management

03.10 / 14:19

People moves Redwheel Business roles distribution Redwheel sales head Gary Tuffield resurfaces at Goodhart Partners

Gary Tuffield, who has resurfaced at Goodhart Partners after his departure from Redwheel in March 2023

03.10 / 10:33

People moves Business roles distribution Franklin Templeton makes raft of senior promotions within global distribution team

Matt Harrison, Sandeep Singh, Julian Ide and Tariq Ahmad have all been promoted.

02.10 / 14:21

People moves distribution Jupiter global distribution boss Tonkinson departs as part of team shake-up

Max Guenzl (left) and Mathias Mueller (right) will co-chair the newly-formed ‘client group'

14.08 / 12:23

Business roles Man Group distribution International Federated Hermes promotes Selman to international head of sales

Clive Selman, international head of sales at Federated Hermes

31.07 / 11:35

People moves Business roles AJ Bell distribution Canada Life AM hires former AJ Bell strategic partnerships head

Pugh will report into James Stoddart, head of distribution at CLAM.

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