Mark Williams, former head of finance at Skandia UK's now-defunct Business Unit, is set to rejoin his former boss Brett Williams at Cofunds as finance director.
Williams was part of the wealth management unit disbanded by Skandia following Brett's departure from the company a little over a year ago.
He will replace Andrew Harris, currently Cofunds' managing director, finance and controls.
Cofunds this morning announced Harris and Cofunds founder Andy Creak are leaving the platform.
CEO Williams says the move is part of plans to install his own team at the company, but he says he will not be replacing Creak.
The company is also in the process of re-negotiating its charging structure with fund managers as it seeks to continue to compete commercially with other propositions in the market.
Williams paid tribute to Harris: "When he took over [the finance director role] this company was losing money. Now it isn't. He has done a good job and will be a success wherever he moves to."
The announcement of Harris' and Creak's exits comes just days after David Dalton-Brown, head of Fidelity FundsNetwork, resigned his post.
Creak worked initially with Cap Gemini, managing the launch of Cofunds and then taking on the development of the IT team. In September 2004, he took on the responsibility of running Cofunds' client services unit.
Prior to joining Cofunds, Harris worked as a finance director for Save & Prosper and was also CFO for the European asset management business of J.P. Morgan Chase.
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