Cofunds chairman Charlie Eppinger has stepped down with immediate effect following Legal & General’s completed acquisition of the platform.
Eppinger’s departure follows the planned exits of Cofunds CEO Martin Davis, operations director Stephen Mohan and marketing director Verona Smith.
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Cofunds Business Unit CEO, Chris Last, said: "We’ve a strong and experienced executive team in place which is single minded in its focus on the job in hand, namely supporting the Retail Distribution Review and platform needs of Cofunds’ clients."
"I’m particularly pleased to be taking the helm of a company with such an abundance of talent and expertise as it means we can harness that talent for the benefit of all our clients. We’ve ambitious plans for the platform and this is an exciting time to be putting those plans in place," Last said.
In March 2013, Legal & General Group agrred to acquire the 75% share capital of Cofunds Holdings, which it did not already own, for a cash consideration of GBP131 million.
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