Tony Robinson said  “Kate has done a terrific job over the last 18 months successfully restructuring and simplifying the Ventura/ All Star business. The business has now reached a point where the challenges for Kate will be significantly less over the near term, and the demands of the business on Kate will similarly be materially lower than it has been historically.”

He added, “As a consequence, Kate and I agreed that it was an appropriate time to eliminate the role of CEO Ventura/ All Star and to merge that part of the Group with the platform businesses under Mat Walker into a new merged Product and Platform unit.”

Kate Mulligan said: “I am very proud of the FUM and revenue growth generated from creation of the funds management business, including All Star.  The realignment of Ventura to provide financial advisers with cost effective, best of breed solutions for their customers with additional services has been particularly satisfying.”

She added. “My job is completed here; it’s time to go onto my next challenge.”

Tony Robinson added: “I would like to take the opportunity to thank Kate for her efforts over her time with the Group and I know Kate leaves comfortable in the knowledge that she has successfully realigned the Ventura Multi manager business and established a sound funds management operational capability for the Group.”

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