Threadneedle Investments has appointed Richard Vincent head of wholesale solutions.

In this newly created position, Vincent will take charge of promoting and developing Threadneedle’s multi-asset investment solutions for the UK and global intermediary markets, working closely with the firm’s head of multi-asset allocation Toby Nangle and head of managed funds Alex Lyle.

Vincent was previously proposition director for Skandia Investment Group and Old Mutual Wealth, and was responsible for investment solution development.

In his new role he will be based in London, and report to Nick Ring, Threadneedle’s head of distribution.

Announcing the hire, Ring said: “We have been working with Richard in a consulting capacity for the last six months and I am pleased that someone with his experience will take the lead in developing our solutions offering for the intermediary market.

“The UK distribution landscape has changed significantly post RDR, with many advisers opting for model portfolios or pre-defined fund solutions for clients with different risk attitudes.”

Ring added: “With around 40% of our assets in some form of asset allocation mandate, we have an established and successful offering in this space and are keen to expand our reach beyond institutional investors.”

Source: Portfolio Adviser.  Read full article here.