Alliance Trust Savings appoints new operations director

Alliance Trust Savings has announced the appointment of Jeff Spence as the company’s new operations director.

Mr Spence will be joining Dundee-based ATS from Nucleus, the adviser owned wrap platform, where he was Wrap Operations Director and responsible for internal and outsourced operations.

He has over twenty five years’ experience in the financial services industry and prior to Nucleus he held roles at both Standard Life and IFDS.

Mr Spence, who will join the executive team of ATS to help to develop the business in the rapidly expanding and increasingly competitive UK platforms market, will take over from Elaine Maddison, who was appointed ATS strategy director earlier in the year to lead the acquisition of Stocktrade.

ATS says the Stocktrade deal has the potential to add more than 48,000 new customers and £4.6 billion of new assets into ATS across three main channels, direct, intermediaries and strategic partnerships making a combined business of over £11.5bn.

Mr Spence and the ATS executive team will work to combine Stocktrade with the ATS platform, which will provide all customers with access to a high quality online automated platform supported by an award winning service team.

Patrick Mill, managing director of Alliance Trust Savings, said: “Its fantastic news that Jeff is joining us at Alliance Trust Savings. Jeff will be responsible for the Operations of the business and will play a major role in the continued growth of ATS in the platform market. Jeff’s wealth of experience in the platform market will help us drive the company forward. Jeff will work with the team to focus on our aim of driving growth organically and profitably through the three main channels.”

Mr Spence added: “I am thrilled to be joining Alliance Trust Savings and to be working alongside Patrick and the rest of the team. The recent regulatory changes and pension reforms, coupled by the acquisition of Stocktrade, leaves Alliance Trust Savings strongly positioned to further enhance our client proposition while continuing to deliver excellent service standards.”