Brett Williams
Brett Williams, the former head of platforms Cofunds and Skandia, has launched a private equity firm with targets including financial services groups.
Cofunds has appointed Openwork CEO Martin Davis as chief executive.
Former Cofunds CEO Brett Williams says he is eyeing a move back into the industry, but may not necessarily re-enter the platform fold.
Other Brett Williams articles
Charlie Eppinger, interim CEO of Cofunds, says ‘it is business as usual’ at the platform and its development strategy is on course despite the departure of Brett Williams last month.
Just as I was thinking the most exciting news of the week was my three month old rolling over, the flashing light on my BlackBerry yesterday alerted me to the departure of Cofunds' CEO Brett Williams.
The departure of Brett Williams, the very public face and driving force behind a revitalised Cofunds, has shocked the platform world.
Cofunds believes there is still time to influence the FSA and prevent a proposed ban on fund manager rebates and bundled charges as the regulator’s response to the discussion paper is set to be delayed until September.
The FSA could be forced into a major U-turn on platform regulation as the UK’s big three providers, with over 80% of total assets, labeled its proposals as “unworkable” in responses to the Discussion Paper.
Cofunds chief executive Brett Williams believes proposed changes to platform remuneration are likely to lead to increased costs and heightened adviser confusion.
Cofunds CEO Brett Williams says the platform is evolving to offer all the features of a ‘wrap’, despite the fact many advisers are happy with a simpler model.
On his first anniversary since taking over as Cofunds CEO, Brett Williams explains how he has shaken up the platform business.
Mark Williams, former head of finance at Skandia UK’s now-defunct Business Unit, is set to rejoin his former boss Brett Williams at Cofunds as finance director.
Cofunds broke into the black for the first time in its history last year, posting an operating profit of £400,000.
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