A year into the job as chief executive of Openwork, Mary-Anne McIntyre, comes to terms with what it means to live through huge regulatory upheaval and a sluggish market at the same time...
Going by the made-up law of averages, Newbury probably does not hold any special significance to most of you. If it does at all, it may be because you chanced a tenner on a 15/1 outsider in the 3:30 at the town’s famous racecourse (did it come in?)
But, for Mary-Anne McIntyre, the chief executive of Openwork, Newbury was the venue for a smack-in-the-face reminder of what the Retail Distribution Review (RDR) means for some advisers.
“Something was missing when I was there recently,” she said.
An interview with Openwork CEO Mary-Anne McIntyre
“There had always been a financial adviser on the corner but, this time, he was gone. He had been there for years, but now the ‘To Let’ boards were up. It is at times like that when it really comes home to you.”
It has been a year – a bit more now actually – since McIntyre took the job (“I needed a new challenge and it’s certainly been that”). She had been at the company since 2010 in a chief operating officer role and, prior to that, had worked at Fidelity International.
Among her commendations are that she helped set up the Nucleus platform and worked on the service proposition behind FundsNetwork while at Fidelity.
Reaction to her appointment on the message boards was almost universally positive, even though readers rarely have much to say on a story about a promotion (unless it’s inside the Financial Services Authority).
Though it appears to have been deleted now, there was one which suggested McIntyre had the heart and intelligence to take the company forward.
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‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected