Ian Taylor is to leave Transact and its parent company IntegraFin Holdings next year as he retires from the financial services industry.
IntegraFin Holdings announced today (September 1) that Mr Taylor had informed the board of his intentions to step down as executive director of the company from February 26, 2021.
Mr Taylor co-founded Transact as one of the first UK adviser platforms in 1999, and ran the company right through to its floatation on the London Stock Exchange in February 2018, at a valuation of £650m.
He stepped down as chief executive of both the Transact platform and IntegraFin in March 2020, but continued as executive director of the firm.
Following this his CEO role was split in two, with Alex Scott now chief executive of Integrafin and Jonathan Gubny heading up Transact.
At the time, Mr Taylor said he would continue to be involved in its development and its key relationships but was “relinquishing” the CEO roles to spend more time with the business.
In today’s announcement, Mr Taylor said: “I have very much enjoyed my time at Transact.
“The financial services industry has changed a great deal since we started the company in 1999 and I believe we have made things much better for Mrs Miggins.
“I have made many good friends at the company and beyond and I shall remain very interested in the business after I have gone.”
Mr Scott thanked Mr Taylor for his contribution to the company and to Transact, adding the platform had “transformed the way people invest with advice” and Mr Taylor had been a driver of that.
He said: “He will be sadly missed and we wish him a very happy retirement.”
Shares in Integrafin have boomed 100 per cent since it listed in February 2018, and with nearly £40bn of assets it is one of the largest adviser platforms on the market.
It regularly scoops platform awards, such as the best adviser platform for complex accumulation according to the Lang Cat, and is often touted as one of advisers’ favourite platforms.
What do you think about the issues raised by this story? Email us on email@example.com to let us know.