Cofunds CEO Martin Davis is to leave the business following a restructure in the wake of its sale to Legal & General (L&G).
Davis intends to leave following the completion of the acquisition of Cofunds by L&G, which is expected to be in the first half of this year. He joined the platform in June 2011, after a stint as CEO of restricted advice firm Openwork. His replacement will be Chris Last, who has been appointed as chief executive designate of L&G's Cofunds Business Unit, subject to FCA approval. Prior to this role, Last was head of strategic opportunities at the Legal & General Savings Business. Commenting on the appointment, Mark Gregory, CEO Savings at Legal & General, said: "Martin Davis and the Cof...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
