Who’s who at TeX

TeX Board

David Moffat, Chair

SS&C Fund Services Limited

David is Chief Client Officer at SS&C Fund Services Limited. David leads account management, business and proposition development and marketing functions for SS&C Fund Services in the UK and Europe. Born in Zimbabwe and educated in Scotland, David has spent 35 years in the asset management industry with Fidelity, Threadneedle and JPMorgan before working as a consultant for a number of wrap and platform clients. He joined IFDS, now SS&C, in 2007. David sits on a number of industry boards, committees and steering groups in the UK and Europe.

Carol Knight, Director

TISA

Carol is Chief Operations Officer and Company Secretary at TISA. Carol has been in financial services since 1998, having previously worked in variety of industries, including education, local government, Civil Service and the gaming industry. A qualified and experienced teacher Carol gained her degree at King Alfred’s College in Winchester and taught in Romsey, Hampshire. She then spent 7 years at Skandia, managing the PEP & ISA new business and transfers department. Carol joined TISA in 2004 and has been responsible for the day-to-day running of the Association’s administration centre, technical support, member communications, expanding the events and training programme and technical issues in the cash savings sector. In 2009, she also took on the role of Company Secretary. Carol joined the TISA Board as Operations Director in July 2011, extending her responsibilities to include finance. This was swiftly followed by taking a position as Executive Director for TISA Exchange (TeX). In August 2015, Carol became Chief Operations Officer for TISA, supporting the Director General with the general running of the company and with personal responsibilities for Children’s Financial Education, internal administration, HR and finance together with acting as TISA spokesman for the media and at functions. Carol is also a Director for both TeX (the contract club managing the legal structure supporting electronic messaging for transfers) and CT Holdings & Services Ltd (which operates under the brand of STAR where TeX and Criterion are working in collaboration to deliver the Service Level Agreements recommended by the Transfers & Re-registration Industry Group tasked by FCA to improve transfer times).

TeX Non-Executive Directors

Andrew Cole

Fidelity

Andrew was brought up and educated in Johannesburg, South Africa where he attended WITS University and qualified as a Chartered Accountant. He served part of his articles with Deloitte before moving to Cape Town to join an accounting and auditing firm, Gross Hendler and Frank, where he was promoted to Partner after qualifying and practised for four years. Andrew’s interests then moved to Commerce and Finance where he held several senior management positions before entering the wealth management sector as a Private Bank consultant with Investec Bank. In order to develop his financial management skills he joined JP Morgan (previously Tasc Administration), South Africa’s largest Fund Administration provider, where he spent six years heading up, amongst others, the finance, technology and international operations divisions. He played a key strategic role in new business development and the business acquisition by JP Morgan. Andrew then pursued an opportunity to set up and develop an offshore administration centre of excellence for Close Brothers Group Plc in South Africa. Having successfully completed the assignment he was promoted to Managing Director of Close Fund Services Ltd, the Group’s fund administration business based in Guernsey. After five years with Close Brothers, Andrew was approached by Barclays in 2011 to take up the role of Global Head of Wealth Services and Head of Operations in the Isle of Man. He was responsible for optimising operational performance of Wealth operations and executing transformational, strategic and tactical change projects and initiatives in line with the Group’s ”Transform” programme. Andrew left Barclays in May 2014 to join Fidelity as Head of Platform Shared Services and Change where his primary responsibility is the execution of Fidelity’s multi-year strategic programme. In January 2016 he took over responsibility for Retail Operations supporting the UK Financial Services business and towards the end of the year the Workplace Investing Operations functions. With effect from January 2018 Andrew’s role expanded to include all Distribution Operations functions globally.

Lynzi Harrison

LVFS Heritage Business

Lynzi is the Managing Director of the Heritage business at LVFS, where our goal is to be a modern closed book business that acts in our members’ best interests. Her role encompasses all functions required to support our Heritage customers, with direct responsibility for the Heritage Product, Technical and Customer Experience functions. At LVFS, our members and customers are the heart of our business and why we are here. Lynzi is also the Customer Champion for the whole of LVFS, and is responsible for ensuring they receive the best experience and outcomes that we can deliver. Prior to LV= Lynzi worked at Old Mutual both as Head of Finance and more recently Operations Director/CF10a.

Damien Keaney

Barclays

Damien began his career in JPMorgan in 1998 as Graduate trainee, working in a variety of roles within Operations in Europe and Asia. Damien moved to UBS in 2007 where he ran Prime Services Operations in London. He joined Barclays Wealth in 2011 and now is responsible for UK Investment Operations, elements of client money regulation and platform transformation. Damien has Bachelor’s degree in Management and Economics from Trinity College Dublin.

Michael Morecroft

Janus Henderson Investors

Mike is Commercial Operations Director at Janus Henderson Investors. In this role he is responsible for the operational outsourcing strategy and leads the commercial relationships for all their outsourced operations and services globally. Prior to taking up this role, he spent 4 years as Client Operations Director, leading Janus Henderson’s transfer agency (TA) operations and institutional/retail client reporting teams. Mike joined Janus Henderson from Invesco where he ran the in-house European TA, leading a team of 275 across UK, Ireland and India. Prior to Invesco he worked as a UK Management Consultant and started his career at M&G.

Katrina Sartorius

Aegon

Katrina Sartorius is Managing Director of Aegon’s Institutional business for Cofunds Ltd. Katrina is responsible for developing and implementing the future strategy for the Institutional book of business driving forward its growth, increasing coverage and diversifying its business working directly with its clients and strategic partners. She is also responsible for the management of the profit and loss for the business. Prior to her role with Aegon she worked at Euroclear SA/NV for 17 years. Katrina’s most recent role was Global Head of FundsPlace and member of the EUI Executive Management team where she was responsible for FundsPlace, Euroclear’s specialist global market infrastructure and innovative fund solution. Here she drove greater alignment with strategic partners and built the strategy for Fundsplace across the globe. Katrina was also Head of Product Management & Innovation for Euroclear UK & Ireland, where she worked on exploring the new innovative technology of blockchain and its potential uses; the development of new collateral products; Central Bank Money liquidity services; Central Counterparty services; and the development with the Funds industry of a ground-breaking order routing through to settlement service for UK- domiciled investment funds. She was also responsible for all products on the existing CREST settlement system and the EMX Message System. Katrina joined Euroclear (formerly CRESTCo) in 2000 from the Bank of England where she specialised as a business analyst for the ‘Euro’ and cash payment systems such as Central Money markets Office (CMO) and Central Gilts Office (CGO). Katrina read European Economics and Politics with French and graduated from Essex University in 1997.

Hugo Thorman

Seccl Technology

Hugo Thorman is a Director and a co-founder of Seccl Technology, a business started in 2016 which has developed new technology enabling Custody/Platform businesses administering funds, equities/ETFs and SIPPs and ISAs. The architecture is of a totally new design being Cloud hosted and with full APIs and minimal code. The business also offers Custody/Platform services to wealth managers and Fintechs. This business was acquired by Octopus in September 2019. He is also Non-Executive Chairman of Discretionary Fund Management firm P1 Investment Management. Before Seccl and P1 he was Chairman, Chief Executive and founder of the Ascentric Wrap Platform. In 2005 Hugo led a team of managers and advisers which bought Fundsdirect and launched the Ascentric Wrap proposition in January 2007. Royal London Group acquired the majority of Ascentric later that year and the remaining shares in 2014. The platform grew to £9.7bn assets under his leadership. Following the acquisition, Hugo was Chair of Altus from Oct 2015 – Oct 2016. In the past Hugo has been Chairman and Chief Executive of James Hay and Marketing Director of Abbey for Intermediaries and before that Marketing Director of Blackhorse Financial Services. He also spent some time as a Consultant with Watson Wyatt. Hugo has a degree in Economics from Nottingham University and an MBA from London Business School.

TISA provides the administration services for TeX