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Former Mattioli director Mark Smith has been appointed CEO at pensions and SIPP fintech Gaudi.
He’ll take over from Patrick Vaughan this week as Mr Vaughan strikes to a brand new function at The Funding and Financial savings Alliance (TISA).
Mr Smith has labored in wealth administration for 35 years and was a director for 10 years at Mattioli Woods, accountable for the agency’s operational supply together with the mixing of 20 companies into the group. In 2019, he and a colleague established Truinvest a monetary recommendation group which acquired a number of monetary recommendation companies. He bought this enterprise earlier this yr.
Mr Vaughan has been CEO at Gaudi for the previous 15 years and has pushed the agency’s enlargement in offering white labelled know-how to construct SIPPs and tax wrappers.
Gaudi chairman Clifton Melvin stated “Mark brings propositional experience and intensive information of the monetary companies market – notably SIPPs, know-how, distribution and FCA compliance guidelines. The board and I are happy he has joined us to drive Gaudi ahead.”
Mr Melvin added: “Patrick Vaughan has been vital to the event of Gaudi. His drive and laborious work have made the agency what it’s at this time – a number one white label supplier of administration, know-how and technical experience with 12,500 SIPPs and 150,000 ISAs below administration in our head workplace in Salisbury. We’re unhappy to see Patrick transfer on however Gaudi want him each success in his future endeavours to enhance monetary companies provision.” Mr Melvin is a former CEO of Winterthur Life is at the moment additionally the chair of Unum UK.
Mr Smith stated: “I’m delighted to be becoming a member of the group at Gaudi and looking out ahead to assist drive the enterprise ahead with each its current and new companions. Gaudi’s repute for technical experience and as a contemporary, ahead pondering ‘tech led’ SIPP supplier has put them in a novel place within the market with enormous alternative forward.”
Mr Vaughan stated: “While I’m sorry to be leaving Gaudi, I achieve this at a time when they’re being described because the ‘go to’ agency for fintechs and monetary companies corporations seeking to launch revolutionary monetary merchandise. My new function in The Funding and Financial savings Alliance (TISA) is to give attention to enhancing switch instances at a time when monetary companies corporations are benefiting from open finance.
“The Pensions Dashboard is the primary stage of this course of and I’ll help TISA members on this quickly altering atmosphere.”
New enterprise companions of Gaudi embrace nationwide monetary adviser Foster Denovo, fintechs Seccl, Wombat, Circa5000, Clearview and stockbroker Jarvis.
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