AXA Elevate has poached three members of Cofunds' regional sales team who become distribution directors.
Craig Metcalf, Daniel Neep and James Smith join Elevate today (1 June) as distribution directors. Reporting to head of business development Andy Coleman, the trio will support regional Axa Wealth teams in assisting IFAs firms through business transition.
Metcalf has worked in the financial services industry for nearly eight years, starting as an account manager for M&G. Over the last four years, he has been a regional account manager at Cofunds for the London area.
Neep has been a regional account manager at Cofunds since 2006, following five years as an IFA consultant at Friends Provident.
Smith has worked for a variety of financial service providers for over 20 years and was most recently an account manager for the South East region at Cofunds.
"They leave with our best wishes for their future careers," says Cofunds sales and marketing director Alastair Conway. "We will shortly be filling the vacancies with some high calibre individuals, which includes the recent appointment of Steve Carroll as Cofunds North West regional account manager, who will help drive Cofunds forward in this ever changing and developing market.
Cofunds recently reported a net profit after tax of £2.3m last year, compared to £6.3m in 2008. However, net assets increased to £19m from £16.8m the previous year.
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