Michael Lannon retires from 2020 DIRECTINVEST
2020 DIRECTINVEST founder Michael Lannon has retired from the business just three months after its merger with Mason Stevens.
Lannon founded 2020 DIRECTINVEST in 1997, aiming to give individual investors improved investment knowledge and a way to invest with lower fees, the company stated.
In March, Mason Stevens merged with 2020 Funds Management and 2020 DIRECTINVEST, with the combined entity branded as Mason Stevens Group.
Patrick Handley from 2020 Funds Management was appointed group executive chairman and Thomas Bignill from Mason Stevens was appointed chief executive of the merged entity.
The product capabilities combined under the banner of One Capital Asset Management, headed by 2020 Funds Management's Vincent Hua in his new role as Mason Stevens Group chief investment officer.
"2020 DIRECTINVEST remains dedicated to providing our clients with unique investment offerings that are not directly available to individuals. Our recent merger with Mason Stevens has enhanced this offering by opening up access to an exciting range of new opportunities," Handley said.
Shafei Ou-Yang will now step into the role of head of 2020 DIRECTINVEST.
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