Verona Smith exits Cofunds as L&G makes more changes

clock

Verona Smith, marketing director at Cofunds, is to exit the platform in the wake of the takeover by Legal & General.

Smith was previously head of proposition before changing roles earlier this year. Smith's exit comes hot on the heels of the departure of its chief executive Martin Davis. Davis - who joined the platform in June 2011 after a stint as CEO of restricted advice firm Openwork - left last week. L&G has moved across a number of its own people after acquiring the remaining 75% stake of the platform which it did not already own for £131m last month. L&G's commercial director Adam Smith is also moving across to work on the platform as part of the ongoing restructure at the country's larg...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Wrap/platforms

Why advisory businesses need to question their platforms' operational resilience

Why advisory businesses need to question their platforms' operational resilience

'If you're a financial advice firm, client trust is your most valuable asset'

Martin Jennings
clock 30 April 2026 • 4 min read
Vanguard UK Platform Awards – Adviser voting now open

Vanguard UK Platform Awards – Adviser voting now open

Across several categories

Clive Waller
clock 29 April 2026 • 1 min read
What golf's distance problem can tell us about the future of platforms

What golf's distance problem can tell us about the future of platforms

'We can't hope to fulfil our potential by standing still'

Steve Andrews
clock 22 April 2026 • 4 min read