Cofunds raids Axa for four staff as part of hiring spree

Cofunds has hired nine new staff including four from Axa Wealth as it looks to rebuild following several departures last year.

The platform has hired Mark Coles from Architas - Axa Wealth’s multi-manager business - as head of business partnerships, and Liz Pemberton from Axa Wealth itself as head of regional platform consultancy.

Cofunds said in a statement that the hires would help the platform and its users transfer their legacy investments from commission-based to clean fee structures.

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As well as Mr Coles and Ms Pemberton, Steve Snell and Dan White have also left Axa Wealth for Cofunds, joining as a strategic partnership manager and a regional platform consultant respectively.

Cofunds has also brought in Ben Nightingale and Kristian Rapson from parent company Legal & General as key account managers, and Phil Hurdman and Nick Casey as strategic partnership managers.

Andy Coleman, director of distribution, said: “Our new appointments not only strengthen the team but also ensure we’re in a strong position to support our clients at this key time of significant regulatory change.”

Last year Cofunds saw several key staff exit following the takeover by Legal & General, including chief executive Martin Davis, sales and marketing director Alastair Conway, managing director Stephen Mohan, chairman Charlie Eppinger, head of fund group relations Michelle Woodburn and marketing director Verona Smith.