James Harrington, who was previously Legal and General’s head of structured solutions, is to help drive the development of Lowes’ structured product related initiatives.
Mr Harrington also held the position of chairman of the UK Structured Products Association from 2010 to 2011 and subsequently represented UK Spa in its associate membership of the European Structured Products Association in Brussels.
Lowes has structured product research and comparison service StructuredProductReview.com and has developed platform data services and tools for managing structured product portfolios under its SP-perspective.com brand.
Projects on which Mr Harrington will work will include helping to drive the inclusion of structured products on platform propositions, so that they can facilitate independent financial advice by providing a whole of market offering.
FTAdviser recently revealed that the UK Spa has reappointed Zak de Mariveles, managing director of UK IFA sales at Société Générale, as its new chairman.
Ian Lowes, managing director of Lowes Financial Management and founder of StructuredProductReview.com, said: “James has many years’ experience of the structured products market, both in terms of designing plans and their distribution to financial advisers.
“His knowledge and contacts in the industry will be highly valuable in helping us to further develop our position in the market and helping drive the take-up of structured products within the advisory community.”
Mr Harrington said: “Lowes’ initiatives in the structured product space have been instrumental in raising advisers’ awareness of market.
“Use of structured products by financial advisers is rising but it is nowhere near where it should be, in many cases because of a lack of ability to access such products via the platform space and I am relishing the opportunity of working with the team at Lowes to help build on that awareness and drive up use of these exceptionally flexible but undervalued investments within financial advice in the UK.”