Attivo appoints distribution director

Cheltenham-based financial services and investment group has hired a new distribution director, John Hayden, who previously held directorships at Sandringham Financial Partners, Intrinsic and Burns Anderson.

Mr Hayden will be responsible for driving strategic growth initiatives, focusing on identifying potential partners and adviser firms which can add value to the group.

Stephen Harper, chief executive of Attivo Group, said Mr Hayden’s industry knowledge and contacts would be an advantage.

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He said: “His vast experience of the adviser sector will be invaluable in helping us identify the type of firms and partners that we need to work with to build value for the future.”

In January 2014 Attivo announced its plans to double current funds under management to £1bn by 2017 with at least six adviser firm acquisitions planned for the next 12 months.

Last month, Attivo completed its second acquisition of this year, Amersham-based Alistair Cliff, and in the previous month it acquired Middlesex-based Anthony Etkind, adding a total further £60m funds under management.

Founded more than 15 years ago under the name Fountain Independent, Attivo has been no stranger to the acquisition game in the past couple of years, following its 2012 announcement that it had set aside £1m to acquire smaller IFAs exiting the industry ahead of the Retail Distribution Review in April 2012.