A platform provider has filled its newly created position of president and chief operating officer.
Platform provider for asset management FLX Distribution has appointed Mark Spina in the role. He has been a board member of FLX since March.
Mr Spina most recently was head of Americas, advisor & intermediary solutions at Russell Investments.
Prior to Russell, he was head of US intermediary distribution at what is now Amundi Pioneer.
Earlier in his career, Mr Spina spent 14 years with Voya Investment Management, the final seven years as head of intermediary distribution.
Brian Moran, founder and chief executive of FLX said: “Mark’s proven distribution expertise combined with his passion to innovate will help insure that FLX becomes the premier destination for firms looking to break free from their broken distribution models.”
Mr Spina said FLX is aiming to deliver a solution that will improve the effectiveness and ROI of the distribution function.
“This approach allows our clients to more efficiently dial up or dial down their distribution efforts to better align with market conditions and budgets,” he said.
“In today’s environment where every firm is evaluating all facets of their business, FLX is ready to help by providing an alternative to a fully in-house or captive model.”
The appointment has come after FLX appointed Michael Mastey to the newly created role of director in the relationship specialist group in April.
Mr Mastey is held responsible for coordinating distribution teams working with the FLX asset management members.
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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