David Blumer has been named chairman of FE Fundinfo, effective immediately.
He will be joined at the helm by Hamish Purdey, who will step into the chief executive role in March.
The appointments are intended to strengthen the leadership team, following the full integration of FE, Fundinfo and F2C during 2019.
Executive chairman Peter Little will remain on the board as a special adviser and senior independent director.
Blumer was previously 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.
Prior to joining the fund management giant, he held positions as chief investment officer and member of the executive committee at Swiss Re and was also chief executive of Credit Suisse Asset Management, as well as a member of the executive board.
Purdey was previously chief executive of Intelliflo, which supplies specialist online software to financial advisers, from 2014 to 2019.
Prior to that, he was chief executive of FFastFill, a Saas provider for trading and risk management, serving the global capital markets community.
Speedy, accurate data
Commenting on his appointment, Blumer 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.
“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.”
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.
The company works 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.