Bingham set for top job at Portfolio Partners
Co-founder of Portfolio Partners, Keith Ince, has stepped down from his role as co-managing director of the Norwich-owned fund manager.
BT Funds Management (BTFM) head of institutional sales Craig Bingham will take on the role of joint managing director of Portfolio Partners following Ince's resignation.
Ince's departure marks a partial changing of the guard at Portfolio Partners which he and Slack formed in the mid 1990s. Both were actively involved in its transition into the Norwich Union group after it was merged with Norwich Investment Management two years ago.
Bingham will join the group from mid February and will work alongside David Slack who will remain with the business in his role as managing director as well as taking on the mantle of chief investment officer.
Bingham has been involved with the financial services industry for 16 years and has worked at JB Were, Armstrong Jones and most recently with BTFM.
At BT, Bingham was responsible for establishing and building an alternative distribution channel, expertise which Portfolio Partners parent group, Norwich Union, hopes to use as it focuses on enhanced sales and distribution.
Norwich Union chief executive Rob Garnsworthy says the change of management is part of planned succession and consistent with the aim of building distribution across the business.
Garnsworthy says the group and its UK parent CGNU were committed to building the company's Australian funds management arm.
AUTHOR
Jason Spits
Recommended for you
After seven years at the company, Iress’ chief technology officer for wealth management APAC, Anthony Gerrits, has departed as the firm commences a search process to fill the role.
With advice firms thinking about scaling up in 2025, research has detailed the main avenues financial advisers say they have used for successful recruitment.
The board of Insignia Financial has reached a decision regarding the possible acquisition of the firm by US private equity giant Bain Capital.
Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses.
