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Platform tech firm FNZ has appointed Simon New to the role of chief customer officer. New announced he was leaving fintech Iress at the end of September, just five months after taking up the UK chief executive role in April.
Good morning and welcome to your Morning Briefing for Thursday 16 November 2023. To get this in your inbox every morning click here. Maynard named new pensions minister Paul Maynard has been officially appointed as the new pensions minister. He will replace Laura Trott, who left the post on Monday to take up a role
Iress has completed the sale of its managed funds administration business to SS&C Technologies with managed portfolio CEO John Harris to depart.
ASX-listed Iress has today announced progress against its strategy. The sale of the Managed Funds Administration (MFA) business to SS&C Technologies was completed on Sunday 1 October. As announced on 21 August 2023, SS&C have purchased the MFA business for a total cash consideration of $52 million subject to customary working capital adjustments. Iress have stated that they will use the net proceeds of the sale to retire debt. Iress' Chief Executive Officer Marcus Price said, "In April, we outlined our plans for our Managed Portfolio of non-strategic assets. Our approach has ...
Simon New has resigned from his post as chief executive of Iress UK four months after taking up the role. Money Marketing understands that Iress UK staff have been informed of the resignation. It’s not clear as to the reason why New has parted ways with the fintech firm.