Verbatim Asset Management, the investment process and fund management arm of the SimplyBiz Group, has announced the appointment of Dan Russell as Managing Director as the team develops and progresses its proposition.
Russell, previously Sales and Marketing Director at Verbatim, joined the firm in 2012 having worked with the business since launch in 2009. His promotion comes as part of a number of changes to Verbatim designed to strengthen the management team and to support a growing number of service users – figures for Q3 2014 show that Verbatim now has over 1700 end users.
Prior to joining Verbatim, Russell ran a consulting business working with leading asset management firms, life companies and advisory practices.
Dan Russell commented:
“This will be an exciting year to lead the Verbatim team. Following extensive due diligence and research of the offerings available in the market, we have created a strong and robust supply chain of solutions which are being adopted by more firms every week. I have long been impressed with the skill and dedication of the Verbatim team in helping our advisers power profitable and compliant business models and am looking forward to building further on these solid foundations as we enhance our proposition.”
Neil Stevens, Executive Chairman of Verbatim, added:
“The success of both Verbatim and the wider SimplyBiz Group means now is the right time to have somebody focussed purely on the growth of Verbatim, helping advisers to build robust investment processes and
compelling ongoing services. Dan is uniquely positioned with the experience, knowledge and dedication to lead this business and provide our clients with a continued high level of support as we enter 2015.”