Cofunds CEO Martin Davis is leaving the business following a restructure in the wake of its sale to Legal & General (L&G).
Chris Last, currently head of strategic opportunities in L&G's savings unit, will replace him. Davis joined the platform in June 2011, after a stint as CEO of restricted advice firm Openwork. He is understood to have been searching for a role outside the platform for a number of months. Last month, the insurer acquired the remaining 75% stake of the platform which it did not already own for £131m. Davis said: "Cofunds has successfully transitioned to RDR [Retail Distribution Review] and is in great shape to continue to service the needs of clients, which makes now the optimum ti...
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