FE fundinfo, the global leader in investment fund data and technology; today announces the appointment of David Blumer as Chairman and Hamish Purdey as CEO.
David will join the business with immediate effect, whilst Hamish will join in March. The appointments will further strengthen the leadership team, following the full integration of FE, fundinfo and F2C during 2019. Peter Little, Executive Chairman at FE fundinfo, will remain on the Board as a special adviser and senior independent director.
David Blumer is a leading industry expert with an impressive track record in the global fund management industry. David was Head of Europe, Middle East and Africa for BlackRock, a member of the company’s Global Executive Committee and, more recently, Global Head of Blackrock Alternative Investors. He is the Chairman of BlackRock’s business in Switzerland and will continue to serve in that role. Prior to joining BlackRock, David held positions as Chief Investment Officer and a Member of the Executive Committee at Swiss Re and was also Chief Executive Officer of Credit Suisse Asset Management, as well as a Member of the Executive Board.
Hamish Purdey is an experienced and proven leader in the wealth and broader financial services technology sector. He was previously CEO of Intelliflo, the supplier of specialist online software for financial advisers, leading the company through a period of rapid growth from 2014 to 2019. Prior to Intelliflo, Hamish was CEO of FFastFill, a leading SaaS provider for trading and risk management, serving the global capital markets community.
FE fundinfo was formed in 2018 by Hg, a specialist investor in software and technology services businesses, following a merger between FE, fundinfo and F2C. With roots stretching back to 1996, FE fundinfo has offices in the UK, Switzerland, Luxembourg, India, Czech Republic, Singapore, Australia, Hong Kong, Germany, Spain, France and Italy. With more than 675 members of staff across these offices, the organisation is truly global in outlook and capability. The company also enjoys significant market coverage in the investment industry, working with more than 3,500 advisers, paraplanning companies and compliance consultants; 900 asset managers; 100 banks and brokers; 15 platforms and 70 international insurance companies across the globe.
David Blumer, Chairman of FE fundinfo, said:
“Transparency, accuracy and timeliness of data is a huge theme in the global asset management industry today and technology providers are offering solutions to satisfy this demand. FE fundinfo’s ability to connect and innovate is highly relevant for the many clients that they support to drive better investment decisions. Hamish and I will work hard with the rest of the FE fundinfo team to continue to provide fund distributors, fund managers and financial advisers with the very latest and most accurate data. We also thank Peter for his tireless efforts in managing the business over the period, giving us a great platform for our ambitions.”
Hamish Purdey, CEO of FE fundinfo, said:
“I’m looking forward to joining what is clearly an exceptional business with big ambitions, in an industry that I’ve been living and breathing for more than two decades. Together with David and the rest of the FE fundinfo team, we will continue to move forward as a single business, with international reach, greater scale, innovative and market-leading products. We will continue our focus on operational excellence and the highest quality service.”
Peter Little, FE fundinfo, said:
“We look forward to welcoming two true industry leaders in the technology, wealth and fund management sectors. We believe that Hamish’s track record of growing innovative financial technology businesses, combined with David’s long-standing experience in the fund management industry, will prove to be formidable. With these appointments, leading a fantastic wider team, I’m truly excited for what the company will be able to achieve in 2020 and beyond.”
For more information, please visit: www.fefundinfo.com
