European platform behemoth Allfunds Bank has hired Cofunds managing director of operational services Stephen Mohan to spearhead growth in the UK.

The Spanish platform administers around £80 billion of assets across Europe and runs around £10 billion for 20 firms in the UK. It now wants to double its UK assets in the next two years.

The platform is focused on delivering fund servicing to the wealth management market.

Mohan will join Allfunds in October and report to Glianluca Renzini, Allfunds’ chief commercial officer.

Source: Citywire.  Read full article here.