Business & Investment

Richard Denning Appoints Ascentric Chief Executive Officer

Richard Denning has been identified by parent company M & G Wealth as the next Chief Executive Officer of Wealth Platform Ascentric.

Richard Denning has been identified by parent company M & G Wealth as the next Chief Executive Officer of Wealth Platform Ascentric.

Denning has been Interim CEO since December after Rob Regan left. Denning, who has 21 years of experience in the platform sector, joined the business last year.

Denning is a key player in the transformation of the Aegon Platform business, having previously held senior management positions at Novia Financial, Scandia, Celestia Investments, Britannic Assurance and Prudential.

M & G Acquires Ascentric from Royal London September 2020. M & G Wealth was founded last November Integrated Ascentric with existing businesses, Prudential Financial Planning, Advice Partnership and M & G Direct Fund Units. We have £ 28 billion in assets under management.

David Montgomery, Managing Director of M & G Wealth, said:

“Acentric will be at the core of many future developments, through large investments, and will significantly complement other parts of M & G Wealth and the wider group.

“We look forward to working closely with Rich and his highly talented team in delivering new products and experiences to our advisors and their clients.”

Denning added: “M & G Wealth has a clear commitment and vision for Ascentric. Ownership certainty, scale and commitment to continued investment are important in the Wealth platform market and, of course, their At the heart of the advisor’s expectations for the business, we strive to deliver the best results to our clients.

“We look forward to working with other M & G Wealth businesses in the next growth phase to maximize the benefits of new options and services for our advisors.”

Richard Denning Appoints Ascentric Chief Executive Officer

https://www.investmentweek.co.uk/news/4027600/richard-denning-named-ascentric-chief-executive Richard Denning Appoints Ascentric Chief Executive Officer

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