Stephen Mohan set to exit Allfunds

Stephen Mohan, UK director at Europe's largest platform group Allfunds Bank, is set to leave the firm, Investment Week understands.

The ex-Cofunds man remains in discussion with Allfunds over his position, but it is understood Mohan is preparing to exit the firm he joined in October 2013. Mohan was poached by Allfunds from Cofunds to spearhead a push into the UK market, and told Investment Week last year he would help increase the firm's penetration of the UK wealth management sector. At the time of Mohan's arrival, Allfunds had £10bn in assets under administration in the UK, spread across 20 clients. The role gave Mohan (pictured) "full profit and loss responsibility" at Allfunds and saw him win ten new pieces...