Benchmark Capital appoints David White as Group Managing Director

Maria Nikolova

David White, who has held senior positions with Zurich Insurance, will join Benchmark Capital in February 2020.

Benchmark Capital today announces the appointment of David White as Group Managing Director.

Mr White is set to join the business in February 2020. He will be working closely with Ian Cooke, Chief Executive Officer, to develop and implement the firms’ future growth strategy. Mr White will be based at the firms’ Sussex headquarters.

Benchmark Capital has seen strong client demand and David White is poised to bring experience of similar businesses to oversee and harness this growth.

Before joining Benchmark Capital, Mr White held senior positions with Zurich Insurance as CEO of their EMEA travel insurance business and Managing Director of the UK retail business. He was previously Head of Fidelity Funds Network.

Peter Harrison, Schroders Group CEO and Chairman of Benchmark Capital, commented:

“Benchmark Capital’s award-winning technology is a key part of our UK Wealth growth strategy. The business is focused on delivering investment and client service excellence and I am pleased that David White will be joining the business to work with Ian and his team to continue building on these strong foundations.”

Ian Cooke, CEO of Benchmark Capital, said:

“David will be a great addition to the team at Benchmark Capital and I’m really looking forward to working with him to manage and grow the business. We are already a leading partner for many wealth advisers in the UK but we have plans to significantly increase our footprint in the market. David will be central to Benchmark achieving those ambitions.”

David White, Group Managing Director of Benchmark Capital, said:

“I am delighted to be joining Benchmark Capital at a very exciting time for the company. Ian Cooke and his team have built a solid foundation among the wealth and financial planning community and working together we plan to go from strength to strength, supporting Schroders’ ambitions in the UK retail wealth space.”

Let’s recall that, in December 2016, Schroders, the FTSE 100 global investment manager, made a strategic investment into Benchmark Capital, recognising the group’s best-in-class technology, unique investment platform and deep relationship with its clients.

Read this next

Executive Moves

Finalto recruits Antony Parsons as head of liquidity

Finalto, the financial trading division of Gopher Investments, is making a broader push into the liquidity provision space, culminating in a new appointment focused on expanding the business into new markets.

Digital Assets

Huobi introduces Tether’s stablecoins pegged to euro, gold

Huobi, the world’s sixth-largest crypto exchange by trading volume, is set to introduce for its clients two stablecoins representing ownership of physical gold and Euro-pegged tokens.

Retail FX

Saxo Bank reports lackluster volumes for November; FX up 40% YoY

FX trading volumes through Saxo Bank’s platforms improved slightly in November, extending its volatile curve as investors continued to weigh central banks’ policy against concerns over a global economic slowdown.

Executive Moves

CMC Markets taps Finalto’s Julia Free to head UK compliance

CMC Markets PLC (LSE:CMCX) has onboarded Julia Free as its newest head of UK compliance as part of a broader organizational reshuffling at the UK’s biggest spread better.

Digital Assets

Ankr successfully patches hack, will reimburse victims and take actions to prevent further attacks

DeFi protocol Ankr plans to reimburse its affected users after a hacker managed to exploit a bug in its code that allowed for unlimited minting of its liquid staking token.

Industry News

ASIC cancels/suspends AFS license of AFSL Group and Quantum Funds Management

ASIC canceled the AFS license of AFSL Group because it failed to lodge statements and audit reports and it did not maintain AFCA membership. The Australian regulator suspended Quantum because it does not have the required professional indemnity insurance coverage.

Executive Moves

BidX Markets hires Shaun French as Research Analyst – Multi Asset

“We believe with his background in the Financial Markets and being based in Dubai, he will be able to provide our clients with access to outstanding research, while also being in a great location to help support our international clients base which is growing at a rapid pace’’.

Institutional FX

Nasdaq migrates US options exchange to AWS with +10% performance in round-trip latency

Nasdaq has announced the successful migration of the core trading system of Nasdaq MRX – one of its six U.S. options exchanges – to Amazon Web Services (AWS).

Institutional FX

TraditionData launches oil swaps pricing data at a critical time in OTC oil traded markets

TraditionDATA has announced the release of a new proprietary Oil Swap Model (OSM) which brings further visibility into illiquid and opaque oil markets.